Recap: Illinois Tool Works Q4 Earnings

Illinois Tool Works ITW reported its Q4 earnings results on Thursday, February 3, 2022 at 08:00 AM.

Here's what investors need to know about the announcement.

Illinois Tool Works beat estimated earnings by 1.58%, reporting an EPS of $1.93 versus an estimate of $1.9, which did not surprise analysts.

Revenue was up $204.00 million from the same period last year.

Last quarter the company missed on EPS by $0.05, which was followed by a 0.59% increase in the share price the next day.

Here's a look at Illinois Tool Works's past performance:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	2.01	2.05	1.90	1.79
EPS Actual	1.96	2.10	2.11	2.02
Revenue Estimate	3.56B	3.54B	3.44B	3.33B
Revenue Actual	3.56B	3.68B	3.54B	3.48B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Illinois Tool Works management provided guidance for their next quarter, expecting earnings between $8.9 and $9.3 per share for the next quarter.

This represents a 371.5% in quarter-over-quarter growth for Illinois Tool Works, a bullish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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