Zacks raises third-quarter estimate for Illinois Tool Works stock
Published on 10/14/2026 at 11:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSEstimate revisions shape the setup
- Zacks Research lifted its third-quarter 2026 estimate to USD 2.96 on October 12, 2026.
- Second-quarter revenue reached USD 4.30 billion, while operating margin was 26.70 percent.
- Illinois Tool Works stock trades at EUR 238.25 at 11:03 a.m. CEST at Lang & Schwarz on October 14, 2026.
- The next estimated earnings date is October 23, 2026, before the market opens.
Zacks Research raised its third-quarter 2026 earnings-per-share estimate for Illinois Tool Works from USD 2.95 to USD 2.96 in a note dated October 12, 2026, as MarketBeat reported. Illinois Tool Works stock was at EUR 238.25 at Lang & Schwarz on October 14, 2026 at 11:03 a.m. CEST, with a EUR 236.60 bid and EUR 239.90 ask.
Estimate revision sets the near term
The new estimate is a USD 0.01 increase from the prior USD 2.95 forecast. MarketBeat also cited full-year 2026 guidance of USD 11.35 to USD 11.55 per share and a full-year consensus estimate of USD 11.44.
The key test is whether the expected third-quarter earnings figure can extend the operating progress reported for the second quarter. For the second quarter of 2026, Illinois Tool Works generated USD 4.30 billion in revenue and USD 2.84 diluted earnings per share, according to MarketBeat.
What does the outlook mean for margins
Operating margin reached 26.70 percent in the second quarter of 2026, up 0.40 percentage points from the year-ago quarter, while revenue increased 6.10 percent year over year, according to Zacks. The company's full-year 2026 operating-margin outlook is 26.50 percent to 27.50 percent, giving the estimate revision a measurable profitability benchmark.
Three dated signals before results
On July 28, 2026, Illinois Tool Works reported USD 4.30 billion in second-quarter revenue and USD 2.84 earnings per share, beating the USD 2.80 consensus, according to MarketBeat. On September 30, 2026, Deutsche Bank reduced its price target from USD 287.00 to USD 281.00 and kept a Hold rating, as MarketBeat reported. On October 12, 2026, Zacks Research raised its third-quarter estimate from USD 2.95 to USD 2.96, according to MarketBeat.
Next date is October 23
The next estimated event is the third-quarter 2026 earnings release on October 23, 2026, before the market opens, followed by a conference call at 10:00 a.m. ET, according to MarketBeat. The published consensus calls for USD 2.97 earnings per share and USD 4.26 billion in revenue for that quarter.
Stock price and company profile
Illinois Tool Works stock was trading at EUR 238.25 at Lang & Schwarz on October 14, 2026 at 11:03 a.m. CEST. The company had a USD 76.60 billion market capitalization and a USD 238.82 to USD 303.16 52-week range on the primary US listing, while the current euro quote remained a separate German market reference.
The further course of trading is shown by the continuously updated real-time quote of Illinois Tool Works stock.
Illinois Tool Works key data
- Company: Illinois Tool Works Inc.
- ISIN: US4523081093
- Ticker: ITW
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 14, 2026, 11:03 a.m. CEST): EUR 238.25
- Market capitalization: USD 76.60 billion (as of October 13, 2026)
- 52-week range: USD 238.82-USD 303.16 (as of October 13, 2026)
- Sector / Industry: Industrials / Producer Manufacturing
- Next earnings date: October 23, 2026
Market context: Market report S&P 500.
