Pre-Market Earnings Report for September 4, 2014 : JOY, PAY, CIEN, MFRM, MEI, DSGX, UTIW, HOV

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The following companies are expected to report earnings prior to market open on 09/04/2014. Visit our Earnings Calendar for a full list of expected earnings releases.

Joy Global Inc. ( JOY ) is reporting for the quarter ending July 31, 2014. The machinery company's consensus earnings per share forecast from the 13 analysts that follow the stock is $0.86. This value represents a 49.41% decrease compared to the same quarter last year. JOY missed the consensus earnings per share in the 1st calendar quarter of 2014 by -23.44%. The "days to cover" for this stock exceeds 11 days. Zacks Investment Research reports that the 2014 Price to Earnings ratio for JOY is 19.37 vs. an industry ratio of 18.60, implying that they will have a higher earnings growth than their competitors in the same industry.

Verifone Systems, Inc. ( PAY ) is reporting for the quarter ending July 31, 2014. The financial transactions company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.25. This value represents a 66.67% increase compared to the same quarter last year. PAY missed the consensus earnings per share in the 4th calendar quarter of 2013 by -27.78%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for PAY is 33.02 vs. an industry ratio of -92.70, implying that they will have a higher earnings growth than their competitors in the same industry.

Ciena Corporation ( CIEN ) is reporting for the quarter ending July 31, 2014. The fiber optics company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.20. This value represents a 25.00% increase compared to the same quarter last year. CIEN missed the consensus earnings per share in the 4th calendar quarter of 2013 by -52.94%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for CIEN is 36.65 vs. an industry ratio of 31.70, implying that they will have a higher earnings growth than their competitors in the same industry.

Mattress Firm Holding Corp. ( MFRM ) is reporting for the quarter ending July 31, 2014. The home furnishings company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.60. This value represents a 39.53% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for MFRM is 27.30 vs. an industry ratio of 21.20, implying that they will have a higher earnings growth than their competitors in the same industry.

Methode Electronics, Inc. ( MEI ) is reporting for the quarter ending July 31, 2014. The electrical connectors company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.40. This value represents a 11.11% increase compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for MEI is 17.67 vs. an industry ratio of 20.70.

The Descartes Systems Group Inc. ( DSGX ) is reporting for the quarter ending July 31, 2014. The computer software company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.06. This value represents a 50.00% increase compared to the same quarter last year. In the past year DSGX has met analyst expectations twice and beat the expectations the other quarter. Zacks Investment Research reports that the 2015 Price to Earnings ratio for DSGX is 54.31 vs. an industry ratio of -9.40, implying that they will have a higher earnings growth than their competitors in the same industry.

UTi Worldwide Inc. ( UTIW ) is reporting for the quarter ending July 31, 2014. The transportation services company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.02. This value represents a 60.00% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 18 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for UTIW is 101.00 vs. an industry ratio of 36.10, implying that they will have a higher earnings growth than their competitors in the same industry.

Hovnanian Enterprises Inc ( HOV ) is reporting for the quarter ending July 31, 2014. The building (residential/commercial) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.07. This value represents a 16.67% increase compared to the same quarter last year. The last two quarters HOV had negative earnings surprises; the latest report they missed by -500%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for HOV is 53.75 vs. an industry ratio of 22.00, implying that they will have a higher earnings growth than their competitors in the same industry.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , Earnings


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