Dover Corporation (NYSE:DOV) lost about -5.7 percent in value since last earnings

Dover Corporation (NYSE:DOV) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 19, 2017. The stock lost about -5.7 percent in price since last results when it was at $81.46 a share. Based on the most relevant past-periods data, there is an 51.72 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 15 times out of last 29 reported quarters. It has beaten earnings-per-share estimates 50% of the time in its last 12 earnings reports. It fell short of earnings estimates on 5 occasions, and it has met expectations 1 time.

Here’s how traders responded to DOV earnings announcements over the past few quarters.

Dover Corporation (DOV) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was -5.02 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $0.71 which missed the consensus $0.84 projection (negative surprise of-15.48%). For the quarter, revenue came in at 1.78B versus consensus estimate of 1.71B. The stock dropped -1.39 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.

On October 19, 2016, it reported earnings at $0.87 a share compared with the consensus estimate of $0.82 per share (positive surprise of 6.1%). Revenue of 1.71B for that quarter was below the $1.7B analysts had expected. The stock climbed 2.79% the day following the earnings announcement, and on 7th day price change was 0.64%.

On July 21, 2016, it recorded $0.87 a share in earnings which topped the consensus estimate of $0.86 (positive surprise of 1.16%). Revenue for the quarter was $1.69B while analysts called for revenues to be $1.71B. The stock dropped -1.57% the day following the earnings data was made public, and on 7th day price change was -1.66%.

On April 21, 2016, it announced earnings per share at $0.52 versus the consensus estimate of $0.59 per share (negative surprise of -11.86%). That came on revenues of $1.62B for that period. Analysts had expected $1.59B in revenue.

Dover Corporation Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.59. The analysts’ present consensus range is $0.54-$0.67 for EPS. The market consensus range for revenue is between $1.71B and $1.85B, with an average of $1.77B.

Dover Corporation (NYSE:DOV) last ended at $77.63, sending the company’s market cap near $12.07B. The consensus 12-month price target from analysts covering the stock is $83.47. The share price has declined -5.97% from its top level in 52 weeks and dropped 4.17% this year. It recently traded in a range of $76.64-$77.67 at a volume of 1109989 shares. The recent trading ended with the price nearly -3.49 lower for the last 5 trading days, rebounding 34.97% from its 52-week low.