We expect Dover Corporation (DOV - Free Report) to beat on earnings expectations when it reports second-quarter 2017 results, before the opening bell on Jul 20.
Let’s see how things are shaping up prior to this announcement.
Why a Likely Positive Surprise?
Our proven model shows that Dover has the right combination of the two key ingredients to beat on 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 +5.00%. 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 have a significantly higher chance of beating earnings.
The combination of Dover’s Zacks Rank #3 and ESP of +5.00% makes us confident of an earnings beat.
Earnings Surprise History
The company’s earnings surpassed the Zacks Consensus Estimate in the last quarter. Dover beat estimates in three out of the trailing four quarters, with a positive earnings surprise of 1.17%.
Dover Corporation Price and EPS Surprise