) is slated to report its third-quarter 2012 results before the
market opens on October 17. The Zacks Consensus Estimate for
earnings for the quarter is $1.27 per share, representing an
estimated year -over -year increase of 6.36%. Revenues, as per the
Zacks Consensus Estimate, is $2.249 billion.
COOPER INDS PLC (CBE): Free Stock Analysis
DOVER CORP (DOV): Free Stock Analysis Report
WEATHERFORD INT (WFT): Free Stock Analysis
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Second Quarter Synopsis
The company, in the second quarter, reported adjusted earnings of
$1.15 per share, beating the Zacks Consensus Estimate of $1.14 and
exceeding the year-ago earnings of $1.14.
Revenues in the reported quarter increased 8% year over year to
$2.157 billion, missing the Zacks Consensus Estimate of $2.186
billion. The year- over- year improvement in the top line was
driven by organic growth (3%) and acquisitions (7%), partly offset
by unfavorable foreign currency impact (2%).
Estimate Revision Trend
Out of the 12 analysts covering the stock, one has revised his/her
estimate for the third quarter in the downward direction over the
last 7 days with none moving in the opposite direction. Over the
last 30 days, 6 analysts have lowered their estimates with none
raising the same. A similar trend applies for 2012.
The Zacks Consensus Estimate for the third quarter dropped by a
penny over the last 7 days and by 4 cents over the last 30 days.
For 2012, the Zacks Consensus Estimate fell by a penny over the
last 7 days and by 6 cents over the last 30 days to $4.68 a share.
Earnings Surprise History
With respect to earnings surprises, Dover has topped the Zacks
Consensus Estimate in all the last four quarters. The company has
delivered an average positive earnings surprise of 4.22% over the
preceding four quarters, implying that it has beaten the Zacks
Consensus Estimate by that measure.
Dover's Energy segment has a high growth potential, driven by a
soaring demand for its products and services. The company has a
strong balance sheet and recently hiked its quarterly dividend by
11% to 35 cents a share adding value to the shareholders.
However, uncertain conditions in Europe, unfavorable foreign
exchange rates and a slightly higher tax rate will be headwinds for
the company. Moreover, it faces stiff competition from companies
Cooper Industries plc
Weatherford International Ltd.
Dover retains a short-term Zacks #4 Rank (Sell). We have a
long-term Neutral recommendation on the stock.