Dover (DOV) Beats On Q1 Earnings & Sales, Ups '17 Outlook
Zacks Investment Research | Apr 20, 2017 07:32AM ET
Dover Corporation (NYSE:DOV) is an industrial conglomerate producing wide range of specialized industrial products and manufacturing equipment. The company mainly delivers innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment.
Dover is likely to benefit from its acquisition strategy, robust hygienic and pharma markets, and recovery in the North American rig count. Further, Dover’s diligent efforts to divest its businesses will help in reducing exposure to cyclical markets and focus on higher margin growth spaces. Improvements in the early cycle upstream oil and gas markets, and strong performance in Printing & Identification are also expected to drive first-quarter results. However, generally weaker capital spending across several industrial end markets and persistent headwinds in its retail refrigeration business are expected to affect Dover’s results.
We have highlighted some of the key stats from this just revealed first-quarter earnings announcement below:
Estimate Trend & Surprise History
Investors should note that the earnings estimate revisions for Dover have moved north ahead of the earnings release. The Zacks Consensus Estimate has gone up 3.3% over the last 30 days and currently stands at 62 cents for the first quarter.
As regards earnings surprise, Dover has outpaced the Zacks Consensus Estimate in two out of the past four quarters, resulting in an average negative surprise of 5.02%.
Dover Corporation Price and EPS Surprise
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