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Dover Corporation (DOV) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended March 2023, Dover Corporation (DOV - Free Report) reported revenue of $2.08 billion, up 1.3% over the same period last year. EPS came in at $1.94, compared to $1.90 in the year-ago quarter.
The reported revenue represents a surprise of +0.33% over the Zacks Consensus Estimate of $2.07 billion. With the consensus EPS estimate being $1.94, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Dover Corporation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Engineered Products: $497.55 million compared to the $496.91 million average estimate based on five analysts. The reported number represents a change of +2% year over year.
Revenue- Clean Energy & Fueling: $430.73 million versus $466.33 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -6% change.
Revenue- Climate & Sustainability Technologies: $455.33 million compared to the $408.24 million average estimate based on five analysts. The reported number represents a change of +14.1% year over year.
Revenue- Pumps & Process Solutions: $413.88 million versus the five-analyst average estimate of $424.86 million. The reported number represents a year-over-year change of -4.9%.
Revenue- Intra-segment eliminations: -$1.55 million compared to the -$0.81 million average estimate based on five analysts.
Revenue- Imaging & Identification: $283.09 million versus the five-analyst average estimate of $273.18 million. The reported number represents a year-over-year change of +4%.
Adjusted EBITDA- Engineered Products: $91.35 million versus the three-analyst average estimate of $93.22 million.
Adjusted EBITDA- Clean Energy & Fueling: $80.65 million versus $93.92 million estimated by three analysts on average.
Adjusted EBITDA- Climate & Sustainability Technologies: $80.40 million versus the three-analyst average estimate of $62.07 million.
Adjusted EBITDA- Pumps & Process Solutions: $126.18 million versus the three-analyst average estimate of $135.56 million.
Adjusted EBITDA- Imaging & Identification: $71.71 million versus the three-analyst average estimate of $65.31 million.
Shares of Dover Corporation have returned +0.8% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Dover Corporation (DOV) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended March 2023, Dover Corporation (DOV - Free Report) reported revenue of $2.08 billion, up 1.3% over the same period last year. EPS came in at $1.94, compared to $1.90 in the year-ago quarter.
The reported revenue represents a surprise of +0.33% over the Zacks Consensus Estimate of $2.07 billion. With the consensus EPS estimate being $1.94, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Dover Corporation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Engineered Products: $497.55 million compared to the $496.91 million average estimate based on five analysts. The reported number represents a change of +2% year over year.
- Revenue- Clean Energy & Fueling: $430.73 million versus $466.33 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -6% change.
- Revenue- Climate & Sustainability Technologies: $455.33 million compared to the $408.24 million average estimate based on five analysts. The reported number represents a change of +14.1% year over year.
- Revenue- Pumps & Process Solutions: $413.88 million versus the five-analyst average estimate of $424.86 million. The reported number represents a year-over-year change of -4.9%.
- Revenue- Intra-segment eliminations: -$1.55 million compared to the -$0.81 million average estimate based on five analysts.
- Revenue- Imaging & Identification: $283.09 million versus the five-analyst average estimate of $273.18 million. The reported number represents a year-over-year change of +4%.
- Adjusted EBITDA- Engineered Products: $91.35 million versus the three-analyst average estimate of $93.22 million.
- Adjusted EBITDA- Clean Energy & Fueling: $80.65 million versus $93.92 million estimated by three analysts on average.
- Adjusted EBITDA- Climate & Sustainability Technologies: $80.40 million versus the three-analyst average estimate of $62.07 million.
- Adjusted EBITDA- Pumps & Process Solutions: $126.18 million versus the three-analyst average estimate of $135.56 million.
- Adjusted EBITDA- Imaging & Identification: $71.71 million versus the three-analyst average estimate of $65.31 million.
View all Key Company Metrics for Dover Corporation here>>>Shares of Dover Corporation have returned +0.8% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.