Dover
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Dover's revenues will increase 2.3% and EPS will grow 6.6%.
The average estimate for revenue is $2.25 billion. On the bottom line, the average EPS estimate is $1.29.
Revenue details
Last quarter, Dover reported revenue of $2.16 billion. GAAP reported sales were 8.1% higher than the prior-year quarter's $1.99 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at $1.15. GAAP EPS of $1.16 for Q2 were 12% lower than the prior-year quarter's $1.32 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 38.0%, 100 basis points worse than the prior-year quarter. Operating margin was 15.4%, 110 basis points worse than the prior-year quarter. Net margin was 9.9%, 260 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $8.60 billion. The average EPS estimate is $4.74.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 278 members out of 290 rating the stock outperform, and 12 members rating it underperform. Among 73 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 73 give Dover a green thumbs-up, and 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 $69.07.
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