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Fool Checkup: Dover Earnings

By Seth Jayson - Updated Apr 10, 2017 at 1:52PM

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Just the facts, Fool.

Dover (NYSE: DOV) reported earnings on April 17. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Dover missed slightly on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped slightly. Non-GAAP earnings per share grew. GAAP earnings per share grew.

Gross margins increased, operating margins dropped, net margins increased.

Revenue details
Dover booked revenue of $2.04 billion. The 14 analysts polled by S&P Capital IQ wanted to see revenue of $2.07 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $1.10. The 17 earnings estimates compiled by S&P Capital IQ averaged $1.09 per share. Non-GAAP EPS of $1.10 for Q1 were 4.8% higher than the prior-year quarter's $1.05 per share. GAAP EPS of $1.19 for Q1 were 13% higher than the prior-year quarter's $1.05 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 38.1%, 30 basis points better than the prior-year quarter. Operating margin was 14.3%, 30 basis points worse than the prior-year quarter. Net margin was 10.3%, 80 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $2.19 billion. On the bottom line, the average EPS estimate is $1.31.

Next year's average estimate for revenue is $8.72 billion. The average EPS estimate is $5.23.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 289 members out of 301 rating the stock outperform, and 12 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 99 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 $77.61.

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Stocks Mentioned

Dover Corporation Stock Quote
Dover Corporation
DOV
$130.78 (0.96%) $1.24

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