Market Overview

Preview: Dover's Earnings

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Dover (NYSE: DOV) releases its next round of earnings this Tuesday, October 20. Here is Benzinga's essential guide to Dover's Q3 earnings report.

Earnings and Revenue

Based on management's projections, Dover analysts model for earnings of $1.32 per share on sales of $1.64 billion. In the same quarter last year, Dover reported earnings per share of $1.6 on sales of $1.82 billion. If the company were to post earnings in line with the consensus estimate when it reports Tuesday, EPS would be down 17.5%. Sales would be down 10.14% from the year-ago period. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 0.93 1.22 1.45 1.51
EPS Actual 1.13 1.39 1.54 1.60
Revenue Estimate 1.47 B 1.68 B 1.79 B 1.80 B
Revenue Actual 1.50 B 1.66 B 1.78 B 1.82 B

Stock Performance

Shares of Dover were trading at $114.08 as of October 16. Over the last 52-week period, shares are up 10.24%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Dover is scheduled to hold the call at 09:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/s325pbtp

 

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Posted-In: Earnings