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NEW YORK (TheStreet) -- Shares of Joy Global (JOY) were lower in midday trading on Wednesday ahead of the company's 2016 fiscal third quarter results, due out before tomorrow's opening bell.

Wall Street is projecting that the Milwaukee-based mining machine maker will report earnings of 12 cents per share on revenue of $605.3 million.

During the same quarter last year, Joy said it had adjusted earnings of 54 cents per share on revenue of $792.2 million.

In July, the company announced that it will be acquired by Komatsu America, which is a subsidiary of Komatsu (KMTUY). The transaction is valued at about $3.7 billion, including outstanding debt.

Due to the pending merger, Joy will not hold a conference call following the earnings release.

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Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on Joy stock.

The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and feeble growth in its earnings per share.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: JOY

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