Illinois Tool Works (NYSE: ITW) is set to report earnings this Friday before the bell. Last quarter, the company beat revenue expectations by 0.9%, recording revenues of $4.05 billion. Analysts expect a 3.2% revenue growth to $4.09 billion this quarter, with adjusted earnings projected at $2.72 per share. Peers like GE Aerospace and 3M have already reported strong results. Illinois Tool Works has missed revenue estimates six times in the last two years. Despite a 2.1% decrease in share price over the last month, analysts have an average price target of $261. Read more about the upcoming earnings report here.
Read more at StockStory: What To Expect From Illinois Tool Works’s (ITW) Q3 Earnings
