The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Joy Global's revenues will drop -16.3% and EPS will decrease -22.5%.
The average estimate for revenue is $1.29 billion. On the bottom line, the average EPS estimate is $1.58.
Last quarter, Joy Global recorded revenue of $1.15 billion. GAAP reported sales were 1.2% higher than the prior-year quarter's $1.14 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 $1.31. GAAP EPS of $1.33 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 32.8%, 80 basis points better than the prior-year quarter. Operating margin was 19.3%, 220 basis points better than the prior-year quarter. Net margin was 12.4%, 10 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $5.08 billion. The average EPS estimate is $6.19.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,616 members out of 1,654 rating the stock outperform, and 38 members rating it underperform. Among 313 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 304 give Joy Global a green thumbs-up, and nine 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 $73.70.
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