Inside Dover Corp’s Upcoming Second Quarter Earnings Release

S&P 500 (NYSE:SPY) component Dover Corp (NYSE:DOV) will unveil its latest earnings on Friday, July 22, 2011. Dover Corporation 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 Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.15 per share, a rise of 26.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.09. Between one and three months ago, the average estimate moved up, but has dropped from $1.16 during the last month. For the year, analysts are projecting net income of $4.47 per share, a rise of 28.8% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting profit of 92 cents per share against a mean estimate of net income of 90 cents per share.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

Wall St. Revenue Expectations: On average, analysts predict $2.09 billion in revenue this quarter, a rise of 16.8% from the year ago quarter. Analysts are forecasting total revenue of $8.39 billion for the year, a rise of 17.7% from last year’s revenue of $7.13 billion.

Analyst Ratings: Analysts seem relatively indifferent about Dover with five of nine analysts surveyed maintaining a hold rating.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 25.6%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 28.5% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 80.3% while it rose more than twofold in the fourth quarter of the last fiscal year and more than twofold in the third quarter of the last fiscal year.

Competitors to Watch: Illinois Tool Works Inc. (NYSE:ITW), Danaher Corporation (NYSE:DHR), Spectrum Control, Inc. (NASDAQ:SPEC), Actuant Corporation (NYSE:ATU), SPX Corporation (NYSE:SPW), Gardner Denver, Inc. (NYSE:GDI), 3M Company (NYSE:MMM), IDEX Corporation (NYSE:IEX), The LGL Group, Inc. (AMEX:LGL), and AMETEK, Inc. (NYSE:AME).

Stock Price Performance: During June 17, 2011 to July 18, 2011, the stock price had risen $3.37 (5.4%) from $62.30 to $65.67. The stock price saw one of its best stretches over the last year between February 3, 2011 and February 14, 2011 when shares rose for eight-straight days, rising 4.6% (+$2.98) over that span. It saw one of its worst periods between April 1, 2011 and April 14, 2011 when shares fell for 10-straight days, falling 4.3% (-$2.88) over that span. Shares are up $7.72 (+13.3%) year to date.

(Source: Xignite Financials)

Get Actionable Investing Insights: Check Out Wall St. Cheat Sheet’s newest Feature Trades of the Month!

More from The Cheat Sheet