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Dover (DOV) Q1 Earnings & Revenues Top Estimates

Namrata Chatterjee

Dover Corporation DOV is an industrial conglomerate producing wide range of specialized industrial products and manufacturing equipment. The company reported adjusted earnings of $1.24 per share in first-quarter, beating the Zacks Consensus Estimate of $1.12. Earnings also improved 37.7% year over year.

Revenue: Dover posted revenues of $1,725 million, which beat the Zacks Consensus Estimate of $1,687 million.

Outlook:  In 2019, Dover maintained adjusted EPS outlook in the range of $5.65-$5.85.
 
Estimate Trend & Surprise History

Investors should note that the earnings estimate revisions for Dover for the first quarter have been stable ahead of the earnings release. The Zacks Consensus Estimate currently stands at $1.12 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 6.59%.

Dover Corporation Price and EPS Surprise

Dover Corporation Price and EPS Surprise | Dover Corporation Quote

Zacks Rank: Currently, Dover has a Zacks Rank #3 (Hold). 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!

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