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Donaldson Company Inc. Down 1.05% To $58.75 After Earnings Beat

Wednesday, November 30, 2022 10:42 AM | InvestorsObserver Analysts

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Donaldson Company Inc. Down 1.05% To $58.75 After Earnings Beat

Donaldson Company Inc. (DCI) said before open Wednesday that it earned $0.75 per share in quarter one 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $847.3 million, beating estimates by $20.3 million.

In the same quarter a year ago, the company earned $0.61 per share on revenue of $760.9 million.

The stock is down 1.05% to $58.75 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Donaldson Company Inc. a Bearish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 70. Meanwhile, the average Wall Street analyst rated the stock a Buy.

Donaldson is a leading manufacturer of filtration systems and replacement parts (including air filtration systems, liquid filtration systems, and dust, fume, and mist collectors). The company serves a diverse range of end markets, including construction, mining, agriculture, truck, and industrial. Its business is organized into two segments: engine products and industrial products. Donaldson generated approximately $3.3 billion in revenue and $444 million in operating income in its fiscal 2022.

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