Street Reports

Earnings Estimates Under Review: Joy Global Inc. (NYSE:JOY)

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The shares of Joy Global Inc. (NYSE:JOY)currently has mean rating of 2.6 while 4 analyst have recommended the shares as ‘BUY’ ,4 recommended as ‘OUTPERFORM’ and 11 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Joy Global Inc. (NYSE:JOY)is at $20.82 while the highest price target suggested by the analysts is $30.00 and low price target is $10.00. The mean price target is calculated keeping in view the consensus of 17 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jul 16 is 607.45M by 16 analysts. The means estimate of sales for the year ending Oct 16 is 2.42B by 20 analysts.

The average estimate of EPS for the current fiscal quarter for Joy Global Inc. (NYSE:JOY)stands at $0.12 while the EPS for the current year is fixed at $0.15 by 19.00 analysts

The next one year’s EPS estimate is set at 0.47 by 22.00 analysts while a year ago the analysts suggested the company’s EPS at $0.15. The analysts also projected the company’s long-term growth at -29.45% for the upcoming five years

In its latest quarter ended on 30 Apr 2016 , Joy Global Inc. (NYSE:JOY)reported earnings of $0.09. The posted earnings topped the analyst’s consensus by $0.09. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Joy Global Inc. (NYSE:JOY) traded down -2.11% during trading on Friday, hitting $22.22 . The stock had a trading volume of 2.8 M shares. The firm has a 50 day moving average of $18.87 and a 200-day moving average of $15.11. The stock has a market cap of $2.14B. On Jun 25, 2015 the shares registered one year high at $38.99 and the one year low was seen on Jan 20, 2016.

Joy Global Inc. manufactures and services mining equipment for extraction of coal, copper, iron ore, oil sands, gold, and other minerals and ores worldwide. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. The Underground Mining Machinery segment produces armored face conveyors, battery haulers, continuous chain haulage systems, continuous miners, conveyor systems, feeder breakers, flexible conveyor trains, hard rock mining products, high angle conveyors, longwall shearers, powered roof supports, road headers, roof bolters, and shuttle cars. This segment also provides equipment assemblies, service, repairs, rebuilds, parts, consumables, enhancement kits, and training. The Surface Mining Equipment segment produces blasthole drills, conveyor systems, electric mining shovels, hybrid excavators, feeder breakers, high angle conveyors, walking draglines, and wheel loaders. This segment also provides equipment assemblies, relocations, inspections, service, repairs, rebuilds, upgrades, used equipment, parts, consumables, enhancement kits, and training. Joy Global Inc. also offers life cycle management support services and project management services, as well as smart services, including equipment monitoring, predictive diagnostics, service training support, and parts management for underground and surface applications. The company sells its products and services directly to mining companies through a network of sales and marketing personnel. Joy Global Inc. was founded in 1884 and is headquartered in Milwaukee, Wisconsin.

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