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What Do Investors Expect from Donaldson's Fiscal 1Q17 Earnings?

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What Do Investors Expect from Donaldson's Fiscal 1Q17 Earnings? PART 1 OF 3

What Does Wall Street Expect from Donaldson’s Fiscal 1Q17 Earnings?

Donaldson to declare fiscal 1Q17 earnings

The Donaldson Company (DCI) is scheduled to declare its fiscal 1Q17 earnings on December 1, 2016, for the quarter ended October 31, 2016. Based on data compiled by Thomson Reuters, the consensus estimate is for Donaldson to report earnings per share (or EPS) of $0.35. The company’s consensus revenue for fiscal 1Q17 is ~$535.7 million.

What Does Wall Street Expect from Donaldson’s Fiscal 1Q17 Earnings?

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Donaldson (DCI) is a filtration systems manufacturer with operations classified in two segments: Engine and Industrial. Under its Engine segment, the company makes air intake and exhaust systems, as well as other parts for original equipment manufacturers in industries such as construction (XHB), mining (PICK), and transportation.

Its products in the Industrial Systems segment include dust and mist collectors for gas turbines, as well as computer disk drives. The company’s key competitors include Cummins (CMI), Pall (DHR), and Clarcor (CLC).

Donaldson’s fiscal 2017 guidance

In its fiscal 4Q16 earnings call on September 8, 2016, Donaldson (DCI) guided its fiscal 2017 adjusted earnings per share in the $1.50–$1.66 range compared with its fiscal 2016 adjusted EPS of $1.52. The company expects its full-year sales to range between a 2% fall and a 2% rise over fiscal 2016 sales of ~$2.2 billion.

The company’s fiscal 2016 sales registered a 6.4% fall year-over-year. This guidance is based on sales in the first fit side of the business, offsetting growth in aftermarket sales. The company expects a fall in the low single digits in the construction first fit market and a high single-digit fall in agriculture (MOO) and mining.

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