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Joy Global

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By: Rob Plaza
March 08, 2010 |Comments: 0
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Joy Global (JOYG) released stronger-than-expected fourth-quarter 2009 results. The company reported EPS of $0.73 per share, topping the Zacks Consensus Estimate of $0.64.

In the last five quarters, Joy Global has beaten consensus estimates by an average of 19.4%.

While revenues declined 3% year-over-year to $729 million, new order bookings improved 22%, largely driven by a 303% increase in original equipment orders.

Management reiterated its fiscal 2011 revenue guidance of $2.8 billion to $3.0 billion, but increased its EPS guidance range by 20 cents to $2.85-$3.05.

Read our February 23 commentary on Joy Global.

Last Week's Growth and Income Zacks Rank Buys

Cardinal Health (CAH) beat fiscal second-quarter EPS estimates by 6 cents, and management raised its earnings guidance for fiscal year 2010 from $1.90-$2.00 to $2.08-$2.18. Analysts covering the company boosted their earnings estimates for the next two years. In addition, the stock has a dividend yield of 2.0%. Read more about Cardinal Health here.

Lennox (LII) Last month, the company reported EPS from continuing operations of $0.58, beating the Zacks Consensus Estimate by $0.10. In the last month, analysts increased their earnings estimates for both 2010 and 2011. This Zacks Rank #2 stock has a dividend yield 1.3%. Read more about Lennox here.

Neenah Paper (NP) blew away fourth-quarter earnings estimates by 79%, and analysts lifted their earnings estimates for 2010 and 2011. The company indicated that its businesses continue to gain momentum. That combined with its cost cuts and price increases should enable the company to deliver EPS growth of 61% this year and 31% next year. Take a closer look here.

Xilinx (XLNX) The company is expected to generate long-term EPS growth of 14.7%, and it has a dividend yield of 2.4%. In late January, Xilinx fiscal 3Q EPS beat the Zacks Consensus Estimate by 5 cents. Read more about Xilinx here.

Read the full analyst report on JOYG

 
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