Dover Corp reports results for the quarter ended in March - Earnings Summary

Dover

25/04/2024 15:26

* Dover Corp  DOV.N  reported quarterly adjusted earnings of
$1.95​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$1.94.  The mean expectation of fourteen analysts for the
quarter was for earnings of $1.87 per share. Wall Street
expected results to range from $1.80  to $1.98 per share.
    * Revenue rose 0.7% to $2.09 billion from a year ago;
analysts
expected $2.03 billion. 
    * Dover Corp's reported EPS for the quarter was $4.52​.
    * The company reported quarterly net income of $632.22
million.
    * Dover Corp shares had fallen by 3.2% this quarter and
gained 11.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11%
in the last three months.​ 
    * In the last 30 days, ten analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Dover Corp
is
$180.00 

This summary was machine generated from LSEG data April 25 at
02:26 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      1.87           1.95           Beat
 Dec. 31 2023      2.42           2.45           Beat
 Sep. 30 2023      2.32           2.35           Beat
 Jun. 30 2023      2.20           2.05           Missed