Dover Earnings Preview: Get Ahead of the Analysts

Dover (NYSE:DOV) will report earnings before markets open on Thursday, July 18th. Dover Corporation manufactures a variety of specialized industrial products and manufacturing equipment. The Company’s products include Material handling equipment, refuse truck bodies, tank trailers, refrigeration systems, refrigeration display cases, marking and coding systems,sucker rods, drill bit inserts, nozzles, swivels and breakaways, and electronic technology equipment.

Here is your Cheat Sheet to Dover Earnings:

Earnings Expectations: Analysts expect earnings of $1.29 per share on revenues of $2.19 billion. Currently, the company’s P/E ratio stands at 17.87.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.48 to a profit $1.49. For the current year, the average estimate is a profit of $5.24, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Dover has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 7,569 5,776 7,133 7,950 8,104
Diluted EPS ($) 3.12 1.91 3.70 4.74 4.41

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 2,156.51 2,208.70 2,013.83 2,039.57
Diluted EPS ($) 1.15 1.31 0.89 1.20

Past Performance:
Dover has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)