Joy Global and Northern Oil & Gas Stocks Up Before Earnings

Joy Global Inc. (NASDAQ:JOY) will unveil its latest earnings on Wednesday, February 29, 2012. The average analyst estimate is for profit of $1.35 per share, a rise of 40.6% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $1.33. Between one and three months ago, the average estimate moved up. It has dropped from $1.36 during the last month. Analysts are projecting profit to rise by 26% compared to last year’s $7.42.

The company missed estimates last quarter after beating forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported net income of $1.82 per share versus a mean estimate of profit of $1.85 per share. In the third quarter of the last fiscal year, the company beat estimates by 3 cents. Analysts predict a rise of 32.3% in revenue from the year-earlier quarter to $1.15 billion.

FelCor Lodging Trust, Inc. (NYSE:FCH) will unveil its latest earnings on Wednesday, February 29, 2012. The average estimate of analysts is for profit of one cent per share, a swing from a loss of 4 cents in the year-earlier quarter. During the past three months, the average estimate has moved down from 2 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at one cent during the last month. For the year, analysts are projecting net income of 18 cents per share, a swing from net loss of 9 cents last year.

The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting profit of 5 cents per share against an estimate of net income of 6 cents per share. The quarter before that, it missed expectations by 3 cents. Analysts predict a rise of 1.3% in revenue from the year-earlier quarter to $235.1 million.

Competitors to Watch: Morgans Hotel Group Co. (NASDAQ:MHGC), InnSuites Hospitality Trust (AMEX:IHT), DiamondRock Hospitality Co. (NYSE:DRH), Chatham Lodging Trust (NYSE:CLDT), Sunstone Hotel Investors, Inc (NYSE:SHO), Hersha Hospitality Trust (NYSE:HT), Pebblebrook Hotel Trust (NYSE:PEB), LaSalle Hotel Properties (NYSE:LHO), Hospitality Properties Trust (NYSE:HPT), and Supertel Hospitality Inc. (NASDAQ:SPPR).

Northern Oil & Gas, Inc (NASDAQ:NOG) will unveil its latest earnings on Wednesday, February 29, 2012. The average analyst estimate is for profit of 25 cents per share, a rise of 92.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 24 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 25 cents during the last month. Analysts are projecting profit to rise by 112.9% compared to last year’s 66 cents.

The company enters this earnings report having missed estimates the last four quarters. Last quarter, the company fell short of expectations by 3 cents, reporting net income of of 19 cents per share against a mean estimate of profit of 22 cents per share. On average, analysts predict $55.1 million in revenue this quarter, a rise of more than fourfold from the year-ago quarter. Analysts are forecasting total revenue of $149.6 million for the year, a rise of more than threefold from last year’s revenue of $44.6 million.

Competitors to Watch: Brigham Exploration Co. (NASDAQ:BEXP), Voyager Oil & Gas, Inc. (VOG), Oasis Petroleum Inc. (NYSE:OAS), Kodiak Oil & Gas Corp. (AMEX:KOG), GeoResources, Inc. (NASDAQ:GEOI), Encore Energy Partners LP (NYSE:ENP), Bill Barrett Corporation (NYSE:BBG), Gasco Energy, Inc. (AMEX:GSX), Delta Petroleum Corp. (NASDAQ:DPTR), and Earthstone Energy, Inc. (BSICD).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com