Manufacturing company Dover (NYSE: DOV) will be announcing earnings results tomorrow before the bell. Here’s what investors should know.
Dover missed analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $1.93 billion, up 1.3% year on year. It was a slower quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a slight miss of analysts’ organic revenue estimates.
Is Dover a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Dover’s revenue to be flat year on year at $1.88 billion, in line with the 1.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.98 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Dover’s peers in the general industrial machinery segment, some have already reported their Q1 results, giving us a hint as to what we can expect. GE Aerospace delivered year-on-year revenue growth of 11.5%, missing analysts’ expectations by 7.9%, and 3M reported a revenue decline of 3.9%, topping estimates by 1.5%.
Read our full analysis of GE Aerospace’s results here and 3M’s results here.
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