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Dover (DOV) Earnings Top, Revenues Lag Estimates in Q2
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Dover Corporation (DOV - Free Report) is an industrial conglomerate producing wide range of specialized industrial products and manufacturing equipment. The company reported adjusted earnings per share (EPS) of $1.56 in second-quarter 2019, beating the Zacks Consensus Estimate of $1.55. Earnings also improved 20% year over year.
Revenue: Dover posted revenues of $1,811 million, which missed the Zacks Consensus Estimate of $1,861 million.
Outlook: For 2019, Dover’s adjusted EPS guidance is at $5.75-$5.85.
Estimate Trend & Surprise History
Investors should note that the earnings estimate revisions for Dover for the second quarter have been stable ahead of the earnings release. The Zacks Consensus Estimate currently stands at $1.55 for the quarter.
As regards earnings surprise, Dover has outpaced the Zacks Consensus Estimate in each of the past four quarters, with an average beat of 8.61%.
Market Reaction: Dover’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Dover earnings report later!
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It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
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Dover (DOV) Earnings Top, Revenues Lag Estimates in Q2
Dover Corporation (DOV - Free Report) is an industrial conglomerate producing wide range of specialized industrial products and manufacturing equipment. The company reported adjusted earnings per share (EPS) of $1.56 in second-quarter 2019, beating the Zacks Consensus Estimate of $1.55. Earnings also improved 20% year over year.
Revenue: Dover posted revenues of $1,811 million, which missed the Zacks Consensus Estimate of $1,861 million.
Outlook: For 2019, Dover’s adjusted EPS guidance is at $5.75-$5.85.
Estimate Trend & Surprise History
Investors should note that the earnings estimate revisions for Dover for the second quarter have been stable ahead of the earnings release. The Zacks Consensus Estimate currently stands at $1.55 for the quarter.
As regards earnings surprise, Dover has outpaced the Zacks Consensus Estimate in each of the past four quarters, with an average beat of 8.61%.
Dover Corporation Price and EPS Surprise
Dover Corporation price-eps-surprise | Dover Corporation Quote
Zacks Rank: Currently, Dover has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction: Dover’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Dover earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>