Illinois Tool Works Inc. (ITW) Stock Forecast
ITW analyst forecast
as of October 18, 2026- Analyst consensus
- Hold 2.75 / 5 from 16 analysts
- Price target
- $294.57 average of analyst targets
- Upside to target
- +8.2% from the latest close
- Next earnings
- October 27, 2026 EPS estimate $2.99
- 52-week range
- $241.07 – $299.60
ITW analyst ratings
16 analystsNumber of analysts at each rating.
ITW price target
The average of analyst 12-month price targets compared with the latest close and the 52-week range.
ITW earnings per share estimates
| Period | Average | Low | High | Year ago | Growth | Analysts |
|---|---|---|---|---|---|---|
| Current quarter (Sep '26) | $2.98 | $2.90 | $3.07 | $2.81 | +5.9% | 11 |
| Current fiscal year (2026) | $11.44 | $11.29 | $11.53 | $10.49 | +9.1% | 13 |
| Next fiscal year (2027) | $12.35 | $11.89 | $12.88 | $11.44 | +8.0% | 13 |
Consensus EPS estimates; growth compares the average estimate with the year-ago EPS.
ITW revenue estimates
| Period | Average | Low | High | Growth | Analysts |
|---|---|---|---|---|---|
| Current quarter (Sep '26) | $4.25B | $4.20B | $4.29B | +4.8% | 13 |
| Current fiscal year (2026) | $16.83B | $16.75B | $16.94B | +4.9% | 14 |
| Next fiscal year (2027) | $17.44B | $17.07B | $17.61B | +3.7% | 14 |
ITW EPS: reported and forecast
Fiscal years; "E" marks estimates, the line shows the range from the lowest to the highest estimate.
ITW revenue: reported and forecast
ITW EPS estimate revisions
| Period | 90 days ago | 60 days ago | 30 days ago | 7 days ago | Now | Change (90 d) | Revisions (30 d) |
|---|---|---|---|---|---|---|---|
| Current quarter (Sep '26) | $2.93 | $2.97 | $2.97 | $2.97 | $2.98 | +1.5% | 2 up · 1 down |
| Current fiscal year (2026) | $11.35 | $11.43 | $11.45 | $11.46 | $11.44 | +0.9% | 2 up · 2 down |
| Next fiscal year (2027) | $12.20 | $12.35 | $12.39 | $12.40 | $12.35 | +1.2% | 1 up · 3 down |
How the consensus EPS estimate changed over the last 90 days, and how many analysts raised or lowered it in the last 30 days.
ITW earnings surprises
Reported EPS vs the consensus estimate for the last 12 quarters; ITW beat in 12 of 12.
What analysts expect from ITW
16 analysts cover Illinois Tool Works; their consensus rating is hold (2.75 on a 1–5 scale, where 5 is a strong buy). The average price target is $294.57, 8.2% above the latest close of $272.28. Analysts expect earnings of $11.44 per share for 2026, +9.1% from a year earlier. For 2027 the average estimate is $12.35 per share on revenue of $17.4 billion. Illinois Tool Works beat the EPS estimate in 12 of the last 12 quarters.
Related: ITW income statement, ITW key metrics, ITW chart. See the ITW stock overview for the latest quote and news.
ITW forecast FAQ
What is Illinois Tool Works's price target?
The average analyst price target for Illinois Tool Works is $294.57, 8.2% above the latest close of $272.28.
Is Illinois Tool Works a buy, hold or sell?
Of 16 analysts covering Illinois Tool Works, 1 rate it a strong buy, 0 a buy, 12 a hold, 0 a sell and 3 a strong sell, a consensus of hold. Ratings are opinions, not a recommendation from Quotelinks.
What is Illinois Tool Works's EPS forecast?
Analysts forecast $11.44 per share for 2026 (range $11.29 to $11.53); for 2027 the estimate is $12.35.
What is Illinois Tool Works's revenue forecast?
The average revenue estimate for 2026 is $16.8 billion, growth of 4.9%; for 2027 it is $17.4 billion.
When does Illinois Tool Works report earnings?
Illinois Tool Works is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 before the market opens; the EPS estimate is $2.99.
Does Illinois Tool Works usually beat earnings estimates?
Illinois Tool Works reported EPS at or above the analyst estimate in 12 of the last 12 quarters.