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Dover (DOV) Reports Q2 Earnings: What Key Metrics Have to Say
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Dover Corporation (DOV - Free Report) reported $2.18 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 3.7%. EPS of $2.36 for the same period compares to $2.05 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.15 billion, representing a surprise of +1.32%. The company delivered an EPS surprise of +6.79%, with the consensus EPS estimate being $2.21.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Dover performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Engineered Products: $514.84 million compared to the $500.52 million average estimate based on three analysts. The reported number represents a change of +8.7% year over year.
Revenue- Clean Energy & Fueling: $463.01 million versus the three-analyst average estimate of $463.21 million. The reported number represents a year-over-year change of +5%.
Revenue- Climate & Sustainability Technologies: $436.71 million compared to the $427.46 million average estimate based on three analysts. The reported number represents a change of -2.7% year over year.
Revenue- Pumps & Process Solutions: $477.24 million versus $504.16 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +2.5% change.
Revenue- Intersegment eliminations: -$1.13 million versus -$1.19 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -15% change.
Revenue- Imaging & Identification: $287.59 million versus the three-analyst average estimate of $276.44 million. The reported number represents a year-over-year change of +5.8%.
Adjusted EBITDA- Engineered Products: $107.59 million versus the three-analyst average estimate of $102.47 million.
Adjusted EBITDA- Clean Energy & Fueling: $95.16 million versus $93.20 million estimated by three analysts on average.
Adjusted EBITDA- Climate & Sustainability Technologies: $86.35 million versus $81.09 million estimated by three analysts on average.
Adjusted EBITDA- Pumps & Process Solutions: $149.85 million compared to the $153.85 million average estimate based on three analysts.
Adjusted EBITDA- Imaging & Identification: $79.06 million versus $73.16 million estimated by three analysts on average.
Shares of Dover have returned -1.3% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Dover (DOV) Reports Q2 Earnings: What Key Metrics Have to Say
Dover Corporation (DOV - Free Report) reported $2.18 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 3.7%. EPS of $2.36 for the same period compares to $2.05 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.15 billion, representing a surprise of +1.32%. The company delivered an EPS surprise of +6.79%, with the consensus EPS estimate being $2.21.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Dover performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Engineered Products: $514.84 million compared to the $500.52 million average estimate based on three analysts. The reported number represents a change of +8.7% year over year.
- Revenue- Clean Energy & Fueling: $463.01 million versus the three-analyst average estimate of $463.21 million. The reported number represents a year-over-year change of +5%.
- Revenue- Climate & Sustainability Technologies: $436.71 million compared to the $427.46 million average estimate based on three analysts. The reported number represents a change of -2.7% year over year.
- Revenue- Pumps & Process Solutions: $477.24 million versus $504.16 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +2.5% change.
- Revenue- Intersegment eliminations: -$1.13 million versus -$1.19 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -15% change.
- Revenue- Imaging & Identification: $287.59 million versus the three-analyst average estimate of $276.44 million. The reported number represents a year-over-year change of +5.8%.
- Adjusted EBITDA- Engineered Products: $107.59 million versus the three-analyst average estimate of $102.47 million.
- Adjusted EBITDA- Clean Energy & Fueling: $95.16 million versus $93.20 million estimated by three analysts on average.
- Adjusted EBITDA- Climate & Sustainability Technologies: $86.35 million versus $81.09 million estimated by three analysts on average.
- Adjusted EBITDA- Pumps & Process Solutions: $149.85 million compared to the $153.85 million average estimate based on three analysts.
- Adjusted EBITDA- Imaging & Identification: $79.06 million versus $73.16 million estimated by three analysts on average.
View all Key Company Metrics for Dover here>>>Shares of Dover have returned -1.3% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.