Jefferies Cautious on Joy Global (JOY) Into Q1 Results
Jefferies Cautious on Joy Global (JOY) Into Q1 Results
11:33 AM ET, 02/25/2013 - Street Insider
Jefferies is maintaining its cautious stance on Joy Global (NYSE: JOY) ahead of earnings on Wednesday, February 27th, before the market open.
"We continue to be concerned that despite expectations for a multi-year decline in capital spending plans by miners globally consensus estimates and ratings remain too high; we remain at or near Street low for 2013 and 2014."
The firm's Q1 EPS estimates is $1.10, versus the consensus of $1.14. FY13 EPS is at $5.95 and FY14 EPS is at $5.55.