Benzinga | Jul 30, 2020 01:44PM EDT

Preview: Illinois Tool Works's Earnings

Illinois Tool Works (NYSE: ITW) unveils its next round of earnings this Friday, July 31. Get prepared with Benzinga's ultimate preview for Illinois Tool Works's Q2 earnings.

Earnings and Revenue

Wall Street analysts see Illinois Tool Works reporting earnings of $0.70 per share on revenue of $2.33 billion. In the same quarter last year, Illinois Tool Works reported EPS of $2.00 on revenue of $3.61 billion. If the company were to report inline earnings when it publishes results Friday, quarterly profit would be down 65.0%. Sales would be down 29.18% on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019EPS Estimate 1.71 1.85 1.94 1.97EPS Actual 1.77 1.88 2.04 2Revenue Estimate 3.29 B 3.46 B 3.54 B 3.73 BRevenue Actual 3.23 B 3.47 B 3.48 B 3.61 B

Stock Performance

Over the last 52-week period, shares are up 22.21%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Don't be surprised to see the stock move on comments made during its conference call. Illinois Tool Works is scheduled to hold the call at 11:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fwww.google.com%2Furl%3Fq%3Dhttps%253A%252F%252Fevent.on24.com%252Fwcc%252Fr%252F2395563%252FE110C2D9A650E98DC0D507D08D018B16%26sa%3DD%26ust%3D1594736039520000%26usg%3DAOvVaw0GPQ5ZOsg2wTDOYImUm9XD&eventid=2395563&sessionid=1&key=E110C2D9A650E98DC0D507D08D018B16&regTag=&sourcepage=register