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Hyster-Yale (HY) Surpasses Market Returns: Some Facts Worth Knowing
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Hyster-Yale (HY - Free Report) closed at $39.52 in the latest trading session, marking a +2.33% move from the prior day. This change outpaced the S&P 500's 1.11% gain on the day. At the same time, the Dow added 1.19%, and the tech-heavy Nasdaq gained 1.43%.
The maker of lift trucks and aftermarket parts's stock has dropped by 2.45% in the past month, falling short of the Industrial Products sector's gain of 3.21% and the S&P 500's gain of 3.92%.
The upcoming earnings release of Hyster-Yale will be of great interest to investors. It is anticipated that the company will report an EPS of $0.07, marking a 98.04% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $936.9 million, reflecting a 19.79% fall from the equivalent quarter last year.
HY's full-year Zacks Consensus Estimates are calling for earnings of $1.36 per share and revenue of $3.69 billion. These results would represent year-over-year changes of -84.86% and -14.29%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Hyster-Yale. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Hyster-Yale currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Hyster-Yale is currently trading at a Forward P/E ratio of 28.4. This denotes a premium relative to the industry average Forward P/E of 15.1.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 196, placing it within the bottom 21% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Hyster-Yale (HY) Surpasses Market Returns: Some Facts Worth Knowing
Hyster-Yale (HY - Free Report) closed at $39.52 in the latest trading session, marking a +2.33% move from the prior day. This change outpaced the S&P 500's 1.11% gain on the day. At the same time, the Dow added 1.19%, and the tech-heavy Nasdaq gained 1.43%.
The maker of lift trucks and aftermarket parts's stock has dropped by 2.45% in the past month, falling short of the Industrial Products sector's gain of 3.21% and the S&P 500's gain of 3.92%.
The upcoming earnings release of Hyster-Yale will be of great interest to investors. It is anticipated that the company will report an EPS of $0.07, marking a 98.04% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $936.9 million, reflecting a 19.79% fall from the equivalent quarter last year.
HY's full-year Zacks Consensus Estimates are calling for earnings of $1.36 per share and revenue of $3.69 billion. These results would represent year-over-year changes of -84.86% and -14.29%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Hyster-Yale. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Hyster-Yale currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Hyster-Yale is currently trading at a Forward P/E ratio of 28.4. This denotes a premium relative to the industry average Forward P/E of 15.1.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 196, placing it within the bottom 21% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.