Joy Global Second Quarter Earnings Sneak Peek

Joy Global Inc. (NASDAQ:JOY) will unveil its latest earnings on Thursday, May 31, 2012. Joy Global is a manufacturer and servicer of mining equipment for the extraction of coal and other minerals and ores. The equipment is used in the mining regions globally to mine coal, copper, iron ore, oil sands, and other minerals.

Joy Global Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.95 per share, a rise of 28.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $1.92. Between one and three months ago, the average estimate moved up. It has been unchanged at $1.95 during the last month. For the year, analysts are projecting net income of $7.62 per share, a rise of 29.4% from last year.

Past Earnings Performance: Last quarter, the company missed estimates by 9 cents, coming in at profit of $1.26 per share against an estimate of net income of. In the fourth quarter of the last fiscal year, the company also missed expectations.

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Wall St. Revenue Expectations: On average, analysts predict $1.43 billion in revenue this quarter, a rise of 34.9% from the year-ago quarter. Analysts are forecasting total revenue of $5.7 billion for the year, a rise of 29.5% from last year’s revenue of $4.4 billion.

Analyst Ratings: Analysts are high on the stock, with 12 analysts rating it as a buy, none rating it as a sell and five rating it as a hold.

A Look Back: In the first quarter, profit rose 39.2% to $142.4 million ($1.33 a share) from $102.2 million (96 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 30.7% to $1.14 billion from $869.5 million.

Stock Price Performance: Between March 1, 2012 and May 25, 2012, the stock price fell $27.29 (-31.2%), from $87.50 to $60.21. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011, when shares rose for six straight days, increasing 12.1% (+$10.42) over that span. It saw one of its worst periods between April 26, 2012 and May 7, 2012 when shares fell for eight straight days, dropping 8.6% (-$6.22) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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