S&P 500 (NYSE:SPY) component Dover (NYSE:DOV) will unveil its latest earnings tomorrow, Thursday, January 24, 2013. Dover operates a portfolio of manufacturing companies providing innovative components and equipment, specialty systems, and support services for a variety of applications to global customers.
Dover Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.07 per share, no change from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.12. Between one and three months ago, the average estimate moved down. It has risen from $1.05 during the last month. Analysts are projecting profit to rise by 6.3% versus last year to $4.53.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 3 cents, reporting profit of $1.30 per share against a mean estimate of net income of $1.27 per share.
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A Look Back: In the third quarter, profit rose 39.9% to $241 million ($1.31 a share) from $172.3 million (91 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 0.2% to $2.21 billion from $2.2 billion.
Here’s how Dover traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: