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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 $1.13 in second-quarter 2020, beating the Zacks Consensus Estimate of 89 cents per share. Earnings however, declined 28% year over year.
Revenue
Dover posted revenues of $1,499 million, which beat the Zacks Consensus Estimate of $1,458 million.
Outlook
For 2020, Dover expects adjusted EPS between $5.00 and $5.25.
Estimate Trend & Surprise History
Investors should note that the earnings estimate revisions for Dover for the second quarter have been moving upward ahead of the earnings release. The Zacks Consensus Estimate currently stands at 89 cents 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 7.13%.
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's (DOV) Q2 Earnings & Sales Top Estimates
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 $1.13 in second-quarter 2020, beating the Zacks Consensus Estimate of 89 cents per share. Earnings however, declined 28% year over year.
Revenue
Dover posted revenues of $1,499 million, which beat the Zacks Consensus Estimate of $1,458 million.
Outlook
For 2020, Dover expects adjusted EPS between $5.00 and $5.25.
Estimate Trend & Surprise History
Investors should note that the earnings estimate revisions for Dover for the second quarter have been moving upward ahead of the earnings release. The Zacks Consensus Estimate currently stands at 89 cents 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 7.13%.
Dover Corporation Price and EPS Surprise
Dover Corporation price-eps-surprise | Dover Corporation Quote
Zacks Rank
Currently, Dover has a Zacks Rank #2 (Buy). 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!
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.1% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>