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 $1.60 in third-quarter 2020, beating the Zacks Consensus Estimate of $1.31 per share. Earnings remain unchanged year over year.
Revenue
Dover posted revenues of $1,748 million, which beat the Zacks Consensus Estimate of $1,637 million.
Outlook
For 2020, Dover expects adjusted EPS between $5.40 and $5.45.
Estimate Trend & Surprise History
Investors should note that the earnings estimate revisions for Dover for the third quarter have been stable ahead of the earnings release. The Zacks Consensus Estimate currently stands at $1.31 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 13.7%.
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!
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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 $1.60 in third-quarter 2020, beating the Zacks Consensus Estimate of $1.31 per share. Earnings remain unchanged year over year.
Revenue
Dover posted revenues of $1,748 million, which beat the Zacks Consensus Estimate of $1,637 million.
Outlook
For 2020, Dover expects adjusted EPS between $5.40 and $5.45.
Estimate Trend & Surprise History
Investors should note that the earnings estimate revisions for Dover for the third quarter have been stable ahead of the earnings release. The Zacks Consensus Estimate currently stands at $1.31 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 13.7%.
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!
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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