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Why an Earnings Beat Is Likely for Dover (DOV) in 2Q16
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Dover Corporation (DOV - Free Report) is slated to report second-quarter 2016 results, before the opening bell on Jul 21. Dover reported a year-over-year decrease in both earnings and sales in first-quarter. Let’s see how things are shaping up for this announcement.
Earnings Whispers
Our proven model shows that Dover may beat on earnings because it has the right combination of the two key components.
Zacks ESP: Dover currently has an Earnings ESP of +1.16%. This is because the Most Accurate estimate stands at 87 cents per share, while the Zacks Consensus Estimate is pegged at 86 cents.
Zacks Rank: Dover carries a Zacks Rank #3 (Hold). Note that stocks with a Zacks Rank #1, 2 and 3 have a higher chance of beating earnings estimates. The Sell-rated stocks (#4 or 5) should never be considered going into an earnings announcement.
The combination of Dover’s Zacks Rank #3 and Earnings ESP of +1.16% makes us confident of an earnings beat.
Surprise History
Dover has outpaced the Zacks consensus estimate in two of the trailing four quarters, with an average earnings beat of 0.17%.
Dover stands to benefit from solid growth from the industrial, hygienic and pharma markets. Within Refrigeration and Food Equipment, the company’s plans for organic revenue growth and margin improvement remain on track heading into the seasonally strong second quarter.
Notably, Dover recently closed the acquisition of Tokheim's dispenser and system businesses. The buyout will further enhance OPW's strong position in retail fueling equipment. The company expects to ink several deals over the next few quarters in its key growth markets. This will also boost the second-quarter performance.
While leading technology and new product offerings will augment growth, decline in bookings, backlog and increase in restructuring costs does not bode well for the company’s second-quarter performance.
Stocks that Warrant a Look
Here are some stocks worth considering, as according to our model they have the right combination of elements to post an earnings beat this quarter.
Ingersoll-Rand Plc (IR - Free Report) has an Earnings ESP of +0.77% and a Zacks Rank #2.
Tennant Company (TNC - Free Report) has an Earnings ESP of +4.23% and a Zacks Rank #3.
Colfax Corporation has an Earnings ESP of +15.39% and a Zacks Rank #3.
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Why an Earnings Beat Is Likely for Dover (DOV) in 2Q16
Dover Corporation (DOV - Free Report) is slated to report second-quarter 2016 results, before the opening bell on Jul 21. Dover reported a year-over-year decrease in both earnings and sales in first-quarter. Let’s see how things are shaping up for this announcement.
Earnings Whispers
Our proven model shows that Dover may beat on earnings because it has the right combination of the two key components.
Zacks ESP: Dover currently has an Earnings ESP of +1.16%. This is because the Most Accurate estimate stands at 87 cents per share, while the Zacks Consensus Estimate is pegged at 86 cents.
Zacks Rank: Dover carries a Zacks Rank #3 (Hold). Note that stocks with a Zacks Rank #1, 2 and 3 have a higher chance of beating earnings estimates. The Sell-rated stocks (#4 or 5) should never be considered going into an earnings announcement.
The combination of Dover’s Zacks Rank #3 and Earnings ESP of +1.16% makes us confident of an earnings beat.
Surprise History
Dover has outpaced the Zacks consensus estimate in two of the trailing four quarters, with an average earnings beat of 0.17%.
DOVER CORP Price and EPS Surprise
DOVER CORP Price and EPS Surprise | DOVER CORP Quote
Factors to Consider
Dover stands to benefit from solid growth from the industrial, hygienic and pharma markets. Within Refrigeration and Food Equipment, the company’s plans for organic revenue growth and margin improvement remain on track heading into the seasonally strong second quarter.
Notably, Dover recently closed the acquisition of Tokheim's dispenser and system businesses. The buyout will further enhance OPW's strong position in retail fueling equipment. The company expects to ink several deals over the next few quarters in its key growth markets. This will also boost the second-quarter performance.
While leading technology and new product offerings will augment growth, decline in bookings, backlog and increase in restructuring costs does not bode well for the company’s second-quarter performance.
Stocks that Warrant a Look
Here are some stocks worth considering, as according to our model they have the right combination of elements to post an earnings beat this quarter.
Ingersoll-Rand Plc (IR - Free Report) has an Earnings ESP of +0.77% and a Zacks Rank #2.
Tennant Company (TNC - Free Report) has an Earnings ESP of +4.23% and a Zacks Rank #3.
Colfax Corporation has an Earnings ESP of +15.39% and a Zacks Rank #3.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>