Illinois Tool Works Inc.
) is slated to release its second quarter 2012 results on Tuesday,
July 24. The current Zacks Consensus Estimate for earnings per
share (EPS) is $1.09, representing an annualized growth of
With respect to earnings surprises, over the trailing four
quarters, Illinois Tooloutperformedthe Zacks Consensus Estimate in
three quarters, and underperformed in one quarter. The average
earnings surprise was a positive 0.14%, implying that the company
outperformed the Zacks Consensus Estimate by the same magnitude
over the last four quarters.
Second Quarter Highlights
On April 24, Stanley Black & Decker reported its second
quarter 2012 results. Earnings per share from continuing operations
were 97 cents, representing a year-over-year increase of 10.2%.
Earnings were 2 cents above the Zacks Consensus Estimate of 95
cents and at the top-end of management's guidance range of 89-97
Operating revenue increased 6.4% year over year to $4,547
million, but failed to surpass the Zacks Consensus Estimate of
$4,598 million. The year-over-year increase in operating revenue
symbolized continued improvement in end market demand. The
year-over-year improvement was towards the lower-end of
management's projected growth range of 6.0%-9.0%.
For further details follow the link:
ITW Beats Est., Ups FY12 Outlook
Agreement/Magnitude of Estimate Revisions
In the last 30 days, of the 16 analysts providing earnings per
share estimates, 9 revised down their estimates for the year 2012
and 7 for 2013. Also, there was a positive revision for 2013.
Second quarter 2012 earnings per share estimate was increased by
one analyst and lowered by 7 out of the 13 analysts in the last 30
Estimate for the second quarter 2012 decreased 2 cents to $1.09
while for 2012 it went down by 7 cents to $4.18 and by 9 cents to
$4.63 for 2013. These represent a year-over-year growth of 14.02%
for the second quarter, 2.57% for 2012 and 10.68% for
Results in the second quarter 2012 are expected to be higher on
a year-over-year as well as sequential basis. However, as compared
with the Zacks Consensus Estimate, it is expected to fall behind by
Most of the negative revisions in estimates take into account
the company's significant exposure to markets, which are still in
doldrums. Moreover, downward revisions account for expectations of
depressed margins due to the headwinds emanating from higher input
costs. To add to the peril, rising competitive threats are
augmenting problems for the Company.
Illinois Tool Works is one of the leading manufacturers of
industrial products and equipment. The company faces stiff
competitions from its peers including
Cooper Industries plc
General Electric Co.
Manitowoc Co. Inc.
COOPER INDS PLC (CBE): Free Stock Analysis
GENL ELECTRIC (GE): Free Stock Analysis Report
ILL TOOL WORKS (ITW): Free Stock Analysis
MANITOWOC INC (MTW): Free Stock Analysis Report
To read this article on Zacks.com click here.