I've been watching $ITW as a manufacturing and infrastructure play. It broke out last week but was unbuyable due to earnings coming up in a few days. Well, earnings are behind and it beat. This is not a growth stock so I doubt it will rocket up. I have an alert set for when it exceeds it's ATH set on the earnings date. I'll wait for that to be taken out with higher than average volume. All TBD. Ideas, not investing / trading advice.
From earningswhispers.com:
Illinois Tool Works Beats 4/30
Illinois Tool Works (ITW) reported 1st Quarter March 2021 earnings of $2.11 per share on revenue of $3.5 billion. The consensus earnings estimate was $1.90 per share on revenue of $3.4 billion. The Earnings Whisper number was $2.07 per share. Revenue grew 9.8% on a year-over-year basis.
The company said it expects 2021 earnings of $8.20 to $8.60 per share. The company's previous guidance was earnings of $7.60 to $8.00 per share and the current consensus earnings estimate is $7.94 per share for the year ending December 31, 2021.
Illinois Tool Works Inc is a manufacturer of industrial products and equipment. Its segments are: Automotive OEM, Test and Measurement and Electronics, Food Equipment, Polymers and Fluids, Welding, Construction Products, and Specialty Products.
From earningswhispers.com:
Illinois Tool Works Beats 4/30
Illinois Tool Works (ITW) reported 1st Quarter March 2021 earnings of $2.11 per share on revenue of $3.5 billion. The consensus earnings estimate was $1.90 per share on revenue of $3.4 billion. The Earnings Whisper number was $2.07 per share. Revenue grew 9.8% on a year-over-year basis.
The company said it expects 2021 earnings of $8.20 to $8.60 per share. The company's previous guidance was earnings of $7.60 to $8.00 per share and the current consensus earnings estimate is $7.94 per share for the year ending December 31, 2021.
Illinois Tool Works Inc is a manufacturer of industrial products and equipment. Its segments are: Automotive OEM, Test and Measurement and Electronics, Food Equipment, Polymers and Fluids, Welding, Construction Products, and Specialty Products.
Trade active:
5/4 Bought a starter position as it crossed the short downtrend line. It's on low volume so it's a small position but showing relative strength in a declining market. Let's see how it plays out.
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.