Industrial gear maker Dover misses Q3 revenue estimates, raises FY profit forecast

Dover

23/10/2025 11:39

Overview

Dover Q3 2025 revenue grows 5% yr/yr but misses analyst expectations

Adjusted EPS for Q3 2025 rises 15% from prior year

Company raises full-year adjusted EPS guidance to $9.50-$9.60 on healthy underlying demand

Outlook

Dover raises full-year adjusted EPS guidance to $9.50-$9.60

Company expects full-year GAAP EPS of $8.06-$8.16

Dover forecasts full-year revenue growth of 4% to 6%

Result Drivers

SHIPMENT GROWTH - Broad-based shipment growth in short cycle components drove top line performance

MARGIN PERFORMANCE - Record consolidated segment margin achieved through positive mix impact, solid execution, and cost containment

CAPITAL DEPLOYMENT - Strategic investments in high-ROI projects and operational efficiencies expected from manufacturing relocation

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$2.07 bln
$2.11 bln (15 Analysts)
Q3 Adj EPS from cont ops
$2.62
Q3 EPS from cont ops
$2.20


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for Dover Corp is $216.00, about 19.9% above its October 21 closing price of $173.04

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nPn91N22ha

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)