Dover Corporation (DOV - Free Report) is slated to report third-quarter 2016 results, before the opening bell on Oct 19. Dover reported a year-over-year decrease in both earnings and sales in the second quarter. Let’s see how things are shaping up prior to this announcement.
Our proven model does not conclusively show that Dover is likely to beat earnings estimates this quarter. This is because 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. Unfortunately, that is not the case here as elaborated below:
Zacks ESP: Dover currently has an Earnings ESP of 0.00%. This is because the Most Accurate estimate stands at 82 cents per share, in line with the Zacks Consensus Estimate.
Zacks Rank: Dover carries a Zacks Rank #5 (Strong Sell) which combined with an earnings ESP of 0.00% makes an earnings beat unlikely. The Sell-rated stocks (#4 or 5) should never be considered going into an earnings announcement.
Dover has outpaced the Zacks Consensus Estimate in three of the trailing four quarters, with an average earnings beat of 1.21%.
DOVER CORP Price and EPS Surprise