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Is a Beat in Store for Dover (DOV) This Earnings Season?
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We expect Dover Corporation (DOV - Free Report) to beat on earnings expectations when it reports first-quarter 2017 results, before the opening bell on Apr 20.
The company’s earnings missed the Zacks Consensus Estimate in the last quarter. Dover beat estimates in two out of the trailing four quarters, with a negative earnings surprise of 5.02%.
Let’s see how things are shaping up for this announcement.
Our proven model shows that Dover has the right combination of the two key ingredients to beat earnings.
Zacks ESP: The Earnings ESP for the stock, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is pegged at +1.67%. This is a major indicator of a likely positive earnings surprise for the company. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Dover carries a Zacks Rank #3 (Hold). Note that stocks with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) have a significantly higher chance of beating earnings.
The combination of Dover’s Zacks Rank #3 and ESP of +1.67% makes us confident of an earnings beat.
What’s in Store in Q1?
Dover is likely to benefit from its acquisition strategy, robust hygienic and pharma markets, and recovery in the North American rig count. Further, Dover’s diligent efforts to divest its businesses will help in reducing exposure to cyclical markets and focus on higher margin growth spaces. Improvements in the early cycle upstream oil and gas markets, and strong performance in Printing & Identification are also expected to drive first-quarter results.
Share Price Performance
Dover underperformed the Zacks categorized Machinery-General sub-industry over the past one year. Dover’s shares gained nearly 17.8% during this period, while the industry recorded growth of 21.6%.
Stocks to Consider
Here are a few stocks which you may consider as our model shows that they have the right combination of elements to post an earnings beat in their upcoming releases:
Altra Industrial Motion Corp. has an Earnings ESP of +5.00% and a Zacks Rank #2.
Parker-Hannifin Corp. (PH - Free Report) has an Earnings ESP of +2.16% and a Zacks Rank #2.
Sell These Stocks Now
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500. See today's Zacks "Strong Sells" absolutely free >>.
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Is a Beat in Store for Dover (DOV) This Earnings Season?
We expect Dover Corporation (DOV - Free Report) to beat on earnings expectations when it reports first-quarter 2017 results, before the opening bell on Apr 20.
The company’s earnings missed the Zacks Consensus Estimate in the last quarter. Dover beat estimates in two out of the trailing four quarters, with a negative earnings surprise of 5.02%.
Let’s see how things are shaping up for this announcement.
Dover Corporation Price and EPS Surprise
Dover Corporation Price and EPS Surprise | Dover Corporation Quote
Why a Likely Positive Surprise?
Our proven model shows that Dover has the right combination of the two key ingredients to beat earnings.
Zacks ESP: The Earnings ESP for the stock, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is pegged at +1.67%. This is a major indicator of a likely positive earnings surprise for the company. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Dover carries a Zacks Rank #3 (Hold). Note that stocks with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) have a significantly higher chance of beating earnings.
The combination of Dover’s Zacks Rank #3 and ESP of +1.67% makes us confident of an earnings beat.
What’s in Store in Q1?
Dover is likely to benefit from its acquisition strategy, robust hygienic and pharma markets, and recovery in the North American rig count. Further, Dover’s diligent efforts to divest its businesses will help in reducing exposure to cyclical markets and focus on higher margin growth spaces. Improvements in the early cycle upstream oil and gas markets, and strong performance in Printing & Identification are also expected to drive first-quarter results.
Share Price Performance
Dover underperformed the Zacks categorized Machinery-General sub-industry over the past one year. Dover’s shares gained nearly 17.8% during this period, while the industry recorded growth of 21.6%.
Stocks to Consider
Here are a few stocks which you may consider as our model shows that they have the right combination of elements to post an earnings beat in their upcoming releases:
Deere & Company (DE - Free Report) has an Earnings ESP of +5.03% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Altra Industrial Motion Corp. has an Earnings ESP of +5.00% and a Zacks Rank #2.
Parker-Hannifin Corp. (PH - Free Report) has an Earnings ESP of +2.16% and a Zacks Rank #2.
Sell These Stocks Now
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500. See today's Zacks "Strong Sells" absolutely free >>.