Dover Corporation (DOV - Free Report) is an industrial conglomerate producing wide range of specialized industrial products and manufacturing equipment. The company mainly delivers innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment.
Dover is likely to benefit from its acquisition strategy, robust hygienic and pharma markets, significant drilling activity and booming Printing & Identification platform. Further, Dover’s diligent efforts to divest its businesses will help in reducing exposure to cyclical markets and focus on higher margin growth spaces. However, generally weaker capital spending across several industrial end markets and persistent headwinds in its retail refrigeration business are expected to affect Dover’s results.
We have highlighted some of the key stats from this just revealed third-quarter earnings announcement below:
Estimate Trend & Surprise History
Investors should note that the earnings estimate revisions for Dover for the third quarter have moved south ahead of the earnings release. The Zacks Consensus Estimate has went down 0.9% over the last 7 days and currently stands at $1.11 for the quarter.
As regards earnings surprise, Dover has outpaced the Zacks Consensus Estimate in three out of the past four quarters.
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