Joy Global, Inc. (JOY) : Q315 Earnings Whisper

Joy Global, Inc. (JOY) is scheduled to report earnings results for the third-quarter of fiscal 2015 today before the open. The Street is looking for revenues of $801.3 million, a 8.5% decline from $876 million in the same period a year earlier. As far as EPS is concerned, analysts expect Joy Global’s year-over-year profit to decrease by more than 22% to $0.62. Meanwhile, EarningsWhisper.com reports a whisper number of $0.60 per share.

joy Global, Inc. shares are currently priced at 8.07x this year’s forecasted earnings compared to the industry’s 19.64x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.51 and 8.89, respectively. Price/Sales for the same period is 0.61 while EPS is 2.74. Currently there are 4 analysts that rate JOY a ‘Buy’, 13 rate it a ‘Hold’. 1 analyst rates it a ‘Sell’. JOY has a median Wall Street price target of $41.50 with a high target of $50.00.

Over the past year, shares of Milwaukee, Wisconsin-based company have traded between a low of $22.00 and a high of $62.74. Shares are down 63.61% year-over-year and 51.53% year-to-date.

As for passive income investors, the manufacturer of mining equipment pays stockholders $0.20 per share annually in dividends, yielding 3.30%.

Update: Joy Global, Inc. dropped $3.38 to $18.75 in morning trading after it reported fiscal results for the third-quarter 2015.

In its quarterly report, the company said it earned $0.54 per share, well below the $0.62 per share analysts were expecting. Revenue fell 9.5% year-over-year to $792.2 million, below views for $801.3 million. The company’s net income was down from last year as well, coming in at $44.9 million, or $0.46 per share, versus $71.3 million, or $0.71 a share, a year earlier.

For full year 2015, Joy Global provided EPS guidance of $1.80 versus consensus of $2.43 per share. The company also issued revenue projection of $3.1 billion, compared to the consensus revenue estimate of $3.28 billion.

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