| Weakness Seen in Joy Global (JOY): Stock Falls 5.2% - Tale of the Tape | |
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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).
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Joy Global is a exploration company based in United states of america. Joy Global is listed in United States of America. Its market capitalisation is US$ 1.2 billions as of today (€ 1.2 billions). Its stock quote reached its lowest recent point on February 12, 2016 at US$ 10.26, and its highest recent level on April 05, 2017 at US$ 28.30. Joy Global has 43 700 000 shares outstanding. |