Dover Corporation (DOV) Reports Q3 Earnings: What Key Metrics Have to Say
Dover Corporation (DOV) reported $2.15 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 0.2%. EPS of $2.35 for the same period compares to $2.26 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.22 billion, representing a surprise of -2.82%. The company has not delivered EPS surprise, with the consensus EPS estimate being $2.35.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Dover Corporation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Engineered Products: $504.27 million versus $548.95 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -2.4% change.
Revenue- Clean Energy & Fueling: $466.96 million versus the four-analyst average estimate of $473.21 million. The reported number represents a year-over-year change of +0.6%.
Revenue- Climate & Sustainability Technologies: $475.91 million versus $474.67 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2.9% change.
Revenue- Pumps & Process Solutions: $431.37 million compared to the $448.06 million average estimate based on four analysts. The reported number represents a change of -0.5% year over year.
Revenue- Intra-segment eliminations: -$1.43 million compared to the -$0.92 million average estimate based on four analysts. The reported number represents a change of +71.3% year over year.
Revenue- Imaging & Identification: $276.18 million compared to the $287.69 million average estimate based on four analysts. The reported number represents a change of -2.2% year over year.
Adjusted EBITDA- Engineered Products: $108.92 million compared to the $102.91 million average estimate based on four analysts.
Adjusted EBITDA- Clean Energy & Fueling: $100.17 million versus the four-analyst average estimate of $100.31 million.
Adjusted EBITDA- Climate & Sustainability Technologies: $91.01 million versus $85.80 million estimated by four analysts on average.
Adjusted EBITDA- Pumps & Process Solutions: $129.96 million versus the four-analyst average estimate of $144.80 million.
Adjusted EBITDA- Imaging & Identification: $74.29 million compared to the $72.35 million average estimate based on four analysts.
View all Key Company Metrics for Dover Corporation here>>>
Shares of Dover Corporation have returned -6.1% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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