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.
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 $5.24, which is better than the estimate ninety days ago.
Here’s how Dover has been performing on an annual basis:
|Revenue ($) 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|
Dover has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)