Donaldson Q3 Earnings and Revenues Beat Estimates
Donaldson (NYSE: DCI) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 9.52%. A quarter ago, it was expected that this maker of filtration systems would post earnings of $0.73 per share when it actually produced earnings of $0.81, delivering a surprise of 10.96%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Donaldson, which belongs to the Zacks Pollution Control industry, posted revenues of $927.9 million for the quarter ended April 2024, surpassing the Zacks Consensus Estimate by 0.90%. This compares to year-ago revenues of $875.7 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings …
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