For 2024 Dover Expects GAAP EPS Of $7.90 To $8.10 And Adjusted EPS Of $8.95 To $9.15 Vs. Consensus Of $9.24; It Sees Revenue Growth Of 2%-4% And 1%-3% On An Organic Basis
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Dover projects its 2024 GAAP EPS to be between $7.90 and $8.10, with an adjusted EPS of $8.95 to $9.15, which is below the consensus estimate of $9.24. The company anticipates revenue growth of 2%-4%, with 1%-3% of this being organic growth.
February 01, 2024 | 11:35 am
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NEGATIVE IMPACT
Dover's 2024 earnings projection falls short of consensus estimates, with expected GAAP EPS of $7.90-$8.10 and adjusted EPS of $8.95-$9.15, alongside 2%-4% revenue growth.
Dover's projected earnings for 2024 are below the consensus estimates, which could lead to negative investor sentiment and potentially lower stock prices in the short term. The anticipated revenue growth, although positive, may not be sufficient to offset the lower-than-expected earnings outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100