Donaldson's Earnings: Slower Growth, Higher Stock

Donaldson, a filtration equipment manufacturer, is set to release its earnings report this Thursday. Last quarter, the company exceeded revenue expectations by 3%, reaching $986.6 million, a 4.8% increase from the previous year. Analysts predict a 2.6% year-over-year growth for this quarter, reaching $923.1 million, and adjusted earnings of $0.92 per share. Despite consistent predictions, investors will be watching closely due to Donaldsons history of missing revenue estimates. Industry peers SPX Technologies and Flowserve saw revenue growth of 22.6% and 3.6% respectively, with their stock prices rising post-report. Donaldsons stock has surged by 4.4% over the last month, currently trading at $88.16, above the average analyst price target of $83.60.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.