For the current quarter, the 18.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.86 a share, which would compare with $0.97 in the same quarter last year. They have a high estimate of $0.91 and a low estimate of $0.82. Revenue for the period is expected to total nearly $1.72B from $1.76B the year-ago period.
For the full year, 15.00 Wall Street analysts forecast this company would deliver earnings of 3.48 per share, with a high estimate of $3.55 and a low estimate of $3.35. It had reported earnings per share of $3.63 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $6.82B versus 6.96B in the preceding year.
The analysts project the company to maintain annual growth of around 9.12% percent over the next five years as compared to an average growth rate of 10.57% percent expected for its competitors in the same industry.
Among the 14 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for DOV is $69.71 but some analysts are projecting the price to go as high as $86.00. If the optimistic analysts are correct, that represents a 19 percent upside potential from the recent closing price of $72.08. Some sell-side analysts, particularly the bearish ones, have called for $60.00 price targets on shares of Dover Corp (NYSE:DOV).
In the last reported results, the company reported earnings of $0.97 per share, while analysts were calling for share earnings of $0.99. It was an earnings surprise of -2.00%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Dover Corporation manufactures and sells a range of equipment and components, specialty systems, and support services in the United States and internationally. The company operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for the production and processing of oil, natural gas liquids, and gas to drilling and production, bearings and compression, and automation end markets. The Engineered Systems segment offers precision marking and coding, digital textile, soldering and dispensing equipment, and related consumables and services; and automation components, including manual clamps, power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets. The Fluids segment focuses on the safe handling of critical fluids across the retail fueling, chemical, hygienic, and industrial markets. It also manufactures connectors for use in various bio-processing applications; and displacement and centrifugal pumps for demanding and specialized fluid transfer process applications. The Refrigeration & Food Equipment segment provides refrigeration systems, refrigeration display cases, specialty glass, commercial glass refrigerator and freezer doors, and brazed heat exchangers; and electrical distribution products and engineering services, commercial food service equipment, cook-chill production systems, custom food storage and preparation products, kitchen ventilation systems, conveyer systems, beverage can-making machinery, and packaging machines used for meat, poultry, and other food products. The company was founded in 1947 and is headquartered in Downers Grove, Illinois.
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