Dover Corporation (DOV - Free Report) reported second-quarter 2019 adjusted earnings per share from continuing operations of $1.56. The figure improved 20% from the prior-year quarter’s $1.30 per share. Earnings also beat the Zacks Consensus Estimate of $1.55.
On a reported basis, Dover delivered earnings per share of $1.35 in the second quarter, up 25% year over year. Earnings included acquisition-related amortization costs of 18 cents and rightsizing costs of 3 cents.
Total revenues in the quarter came in at $1,811 million, marginally up from the year-ago quarter’s $1,798 million, backed by organic growth of 2.9% and acquisition growth of 0.8%. This was partly offset by a 2.5% unfavorable foreign-exchange impact. However, the revenue figure missed the Zacks Consensus Estimate of $1,861 million.
Dover Corporation Price, Consensus and EPS Surprise
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 >>
Dover Corporation (DOV - Free Report) reported second-quarter 2019 adjusted earnings per share from continuing operations of $1.56. The figure improved 20% from the prior-year quarter’s $1.30 per share. Earnings also beat the Zacks Consensus Estimate of $1.55.
On a reported basis, Dover delivered earnings per share of $1.35 in the second quarter, up 25% year over year. Earnings included acquisition-related amortization costs of 18 cents and rightsizing costs of 3 cents.
Total revenues in the quarter came in at $1,811 million, marginally up from the year-ago quarter’s $1,798 million, backed by organic growth of 2.9% and acquisition growth of 0.8%. This was partly offset by a 2.5% unfavorable foreign-exchange impact. However, the revenue figure missed the Zacks Consensus Estimate of $1,861 million.
Dover Corporation Price, Consensus and EPS Surprise
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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