Dover DOV reported its Q2 earnings results on Thursday, July 21, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Dover beat estimated earnings by 2.88%, reporting an EPS of $2.14 versus an estimate of $2.08.
Revenue was up $127.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.07 which was followed by a 0.8% drop in the share price the next day.
Here's a look at Dover's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 1.83 | 1.67 | 1.86 | 1.83 |
EPS Actual | 1.90 | 1.78 | 1.98 | 2.06 |
Revenue Estimate | 2.03B | 1.92B | 2.01B | 1.89B |
Revenue Actual | 2.05B | 1.99B | 2.02B | 2.03B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Dover management provided guidance for FY 2022, expecting earnings between $8.45 and $8.65 per share.
To track all earnings releases for Dover visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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