Joy Global (JOY) Volatility Elevated into Q3 Results; Street Sees Growth, Investors Heed Caution
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Joy Global, Inc. (NYSE: JOY) shares are seeing elevated volatility heading into the industrial machinery maker's third-quarter 2012 earnings report, expected out before the market opens Wednesday.
Market data has implied volatility for Joy Global up 0.2 percent on the session and 120.5 percent over its trailing annual average.
The market is looking for 17 percent of earnings growth to $1.88 per share, from $1.61 per share reported in the same period last year. Sales should rip 31 percent to $1.43 billion in the quarter.
Estimize consensus sees EPS of $1.89 and sales of $1.426 billion.
Last week, Joy Global saw some pressure following lowered expectations form peer BHP (NYSE: BHP). In addition, recent durable goods orders saw a notable slump for industrial machinery demand.
Shares are down about 0.6 percent on the session.
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Market data has implied volatility for Joy Global up 0.2 percent on the session and 120.5 percent over its trailing annual average.
The market is looking for 17 percent of earnings growth to $1.88 per share, from $1.61 per share reported in the same period last year. Sales should rip 31 percent to $1.43 billion in the quarter.
Estimize consensus sees EPS of $1.89 and sales of $1.426 billion.
Last week, Joy Global saw some pressure following lowered expectations form peer BHP (NYSE: BHP). In addition, recent durable goods orders saw a notable slump for industrial machinery demand.
Shares are down about 0.6 percent on the session.
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