| Weakness Seen in Joy Global (JOY): Stock Falls 5.2% - Tale of the Tape | |
| | |
|
Joy Global, Inc. (JOY) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for JOY, as the stock is now down 9.3% in the past one-month time frame.
On Mar 5, before the market opened, Joy Global reported first quarter of fiscal 2015 adjusted earnings of 25 cents per, down 48.9% from 49 cents per share a year ago. This might have led to this fall in share price.
This slump shouldn’t be too much of a surprise to investors, as the company has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
JOY currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the industrial goods sector is Astec Industries, Inc. (ASTE), which currently carries a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report JOY GLOBAL INC (JOY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
|
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Joy Global est une société d’exploration minière basée aux Etats-Unis D'Amerique. Joy Global est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 1,2 milliards US$ (1,2 milliards €). La valeur de son action a atteint son plus bas niveau récent le 12 février 2016 à 10,26 US$, et son plus haut niveau récent le 05 avril 2017 à 28,30 US$. Joy Global possède 43 700 000 actions en circulation. |