Wall Street analysts expect Dover Corporation (DOV) to post quarterly earnings of $2.72 per share in its upcoming report, which indicates a year-over-year increase of 11.5%. Revenues are expected to be $2.21 billion, up 7.9% from the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Dover metrics that are commonly monitored and projected by Wall Street analysts.
According to the collective judgment of analysts, 'Revenue- Engineered Products' should come in at $284.38 million. The estimate indicates a change of +3.1% from the prior-year quarter.
The consensus estimate for 'Revenue- Clean Energy & Fueling' stands at $578.85 million. The estimate suggests a change of +6% year over year.
Analysts' assessment points toward 'Revenue- Climate & Sustainability Technologies' reaching $470.05 million. The estimate points to a change of +13% from the year-ago quarter.
The consensus among analysts is that 'Revenue- Pumps & Process Solutions' will reach $571.06 million. The estimate indicates a year-over-year change of +9.7%.
The combined assessment of analysts suggests that 'Revenue- Imaging & Identification' will likely reach $306.85 million. The estimate suggests a change of +5.1% year over year.
It is projected by analysts that the 'Adjusted EBITDA- Engineered Products' will reach $62.13 million. The estimate compares to the year-ago value of $58.65 million.
Based on the collective assessment of analysts, 'Adjusted EBITDA- Clean Energy & Fueling' should arrive at $126.81 million. Compared to the current estimate, the company reported $116.73 million in the same quarter of the previous year.
Analysts forecast 'Adjusted EBITDA- Climate & Sustainability Technologies' to reach $95.68 million. The estimate compares to the year-ago value of $84.87 million.
Analysts predict that the 'Adjusted EBITDA- Pumps & Process Solutions' will reach $194.13 million. Compared to the present estimate, the company reported $172.64 million in the same quarter last year.
Analysts expect 'Adjusted EBITDA- Imaging & Identification' to come in at $84.70 million. Compared to the current estimate, the company reported $81.17 million in the same quarter of the previous year.
View all Key Company Metrics for Dover here>>>Dover shares have witnessed a change of -8.6% in the past month, in contrast to the Zacks S&P 500 composite's -0.6% move. With a Zacks Rank #2 (Buy), DOV is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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