Joy Global (NYSE: JOY ) is expected to report Q1 earnings on Feb. 27. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Joy Global's revenues will wane -4.8% and EPS will decrease -12.8%.
The average estimate for revenue is $1.08 billion. On the bottom line, the average EPS estimate is $1.16.
Last quarter, Joy Global logged revenue of $1.59 billion. GAAP reported sales were 19% higher than the prior-year quarter's $1.34 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $2.13. GAAP EPS of $1.99 for Q4 were 23% higher than the prior-year quarter's $1.62 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 35.1%, 70 basis points better than the prior-year quarter. Operating margin was 23.1%, 110 basis points worse than the prior-year quarter. Net margin was 13.3%, 40 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $5.07 billion. The average EPS estimate is $6.21.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,631 members out of 1,670 rating the stock outperform, and 39 members rating it underperform. Among 364 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 354 give Joy Global a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Joy Global is outperform, with an average price target of $70.26.
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