Dover (NYS: DOV) is expected to report Q2 earnings on July 18. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Dover's revenues will increase 1.5% and EPS will wane -4.2%.
The average estimate for revenue is $2.19 billion. On the bottom line, the average EPS estimate is $1.14.
Last quarter, Dover reported revenue of $2.06 billion. GAAP reported sales were 14% higher than the prior-year quarter's $1.81 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $1.05. GAAP EPS of $1.05 for Q1 were 1.9% higher than the prior-year quarter's $1.03 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 37.8%, 150 basis points worse than the prior-year quarter. Operating margin was 14.6%, 30 basis points better than the prior-year quarter. Net margin was 9.5%, 130 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $8.71 billion. The average EPS estimate is $4.80.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 280 members out of 293 rating the stock outperform, and 13 members rating it underperform. Among 77 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 76 give Dover a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Dover is outperform, with an average price target of $70.00.
Can your retirement portfolio provide you with enough income to last? You'll need more than Dover. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.
Add Dover to My Watchlist.
At the time thisarticle was published Seth Jaysonhad no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.