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Dover (DOV) to Report Q4 Earnings: What's in the Cards?
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Industrial products maker, Dover Corporation (DOV - Free Report) is scheduled to report fourth-quarter 2016 results before the opening bell on Jan 26. In the last reported quarter, adjusted earnings outperformed the Zacks Consensus Estimate by 5 cents. Dover has beaten estimates in three out of the trailing four quarters with an average positive earnings surprise of 0.85%. Let’s see how things are shaping up for this announcement.
Key Factors in the Quarter
Recovery in drilling and artificial lift markets, along with consistent solid activity in Printing & Identification platform, synergies from Wayne acquisition and recovery in North American upstream oil & gas markets will help drive Dover’s results.
Improvements in early cycle upstream oil and gas markets, strong performance in Printing & Identification and continued sequential growth in Fluids are expected to drive fourth-quarter results. However, the Refrigeration & Food Equipment segment is likely to witness a seasonal decline.
We note that Dover’s bookings at the end of third-quarter were worth $1.69 billion, which fell roughly 1% from $1.70 billion at the end of third-quarter 2015. This does not augur well for the company’s fourth-quarter 2016 performance.
Share Price Performance
In the last one year, Dover has outperformed the Zacks classified Machinery-General subindustry with respect to price performance. While the stock gained 48.9%, the industry recorded growth of 41.3% over the same time frame.
Earnings Whispers
Our proven model does not conclusively show that Dover is likely to beat earnings this quarter as it lacks the key components. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for this to happen. This is not the case here as you will see below:
Zacks ESP: The Earnings ESP for Dover is 0.00%. This is because the Most Accurate estimate of 84 cents is in line with the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Dover currently carries Zacks Rank #3. Although this increases the predictive power of ESP, the company’s 0.00% ESP makes surprise prediction uncertain.
We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing a negative estimate revisions.
Alcoa Corporation (AA - Free Report) has an Earnings ESP of +8.70% and a Zacks Rank #3.
AGCO Corporation (AGCO - Free Report) has an Earnings ESP of +5.63% and a Zacks Rank #3.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
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Dover (DOV) to Report Q4 Earnings: What's in the Cards?
Industrial products maker, Dover Corporation (DOV - Free Report) is scheduled to report fourth-quarter 2016 results before the opening bell on Jan 26. In the last reported quarter, adjusted earnings outperformed the Zacks Consensus Estimate by 5 cents. Dover has beaten estimates in three out of the trailing four quarters with an average positive earnings surprise of 0.85%. Let’s see how things are shaping up for this announcement.
Key Factors in the Quarter
Recovery in drilling and artificial lift markets, along with consistent solid activity in Printing & Identification platform, synergies from Wayne acquisition and recovery in North American upstream oil & gas markets will help drive Dover’s results.
Improvements in early cycle upstream oil and gas markets, strong performance in Printing & Identification and continued sequential growth in Fluids are expected to drive fourth-quarter results. However, the Refrigeration & Food Equipment segment is likely to witness a seasonal decline.
Dover Corp. Price and Consensus
Dover Corp. Price and Consensus | Dover Corp. Quote
We note that Dover’s bookings at the end of third-quarter were worth $1.69 billion, which fell roughly 1% from $1.70 billion at the end of third-quarter 2015. This does not augur well for the company’s fourth-quarter 2016 performance.
Share Price Performance
In the last one year, Dover has outperformed the Zacks classified Machinery-General subindustry with respect to price performance. While the stock gained 48.9%, the industry recorded growth of 41.3% over the same time frame.
Earnings Whispers
Our proven model does not conclusively show that Dover is likely to beat earnings this quarter as it lacks the key components. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for this to happen. This is not the case here as you will see below:
Zacks ESP: The Earnings ESP for Dover is 0.00%. This is because the Most Accurate estimate of 84 cents is in line with the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Dover currently carries Zacks Rank #3. Although this increases the predictive power of ESP, the company’s 0.00% ESP makes surprise prediction uncertain.
We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing a negative estimate revisions.
Stocks to Consider
Deere & Company (DE - Free Report) has a positive Earnings ESP of +13.73% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Alcoa Corporation (AA - Free Report) has an Earnings ESP of +8.70% and a Zacks Rank #3.
AGCO Corporation (AGCO - Free Report) has an Earnings ESP of +5.63% and a Zacks Rank #3.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>