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Hyster-Yale (HY) Beats Stock Market Upswing: What Investors Need to Know
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In the latest trading session, Hyster-Yale (HY - Free Report) closed at $43.77, marking a +2.84% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.78% for the day. Meanwhile, the Dow gained 1.14%, and the Nasdaq, a tech-heavy index, added 0.61%.
Coming into today, shares of the maker of lift trucks and aftermarket parts had gained 7.69% in the past month. In that same time, the Industrial Products sector gained 8.59%, while the S&P 500 gained 5.88%.
The investment community will be closely monitoring the performance of Hyster-Yale in its forthcoming earnings report. The company is expected to report EPS of $0.07, down 98.04% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $936.9 million, indicating a 19.79% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.36 per share and revenue of $3.69 billion, indicating changes of -84.86% and -14.29%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Hyster-Yale. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Hyster-Yale boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Hyster-Yale is currently trading at a Forward P/E ratio of 31.29. This represents a premium compared to its industry average Forward P/E of 22.21.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 93, placing it within the top 38% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Hyster-Yale (HY) Beats Stock Market Upswing: What Investors Need to Know
In the latest trading session, Hyster-Yale (HY - Free Report) closed at $43.77, marking a +2.84% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.78% for the day. Meanwhile, the Dow gained 1.14%, and the Nasdaq, a tech-heavy index, added 0.61%.
Coming into today, shares of the maker of lift trucks and aftermarket parts had gained 7.69% in the past month. In that same time, the Industrial Products sector gained 8.59%, while the S&P 500 gained 5.88%.
The investment community will be closely monitoring the performance of Hyster-Yale in its forthcoming earnings report. The company is expected to report EPS of $0.07, down 98.04% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $936.9 million, indicating a 19.79% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.36 per share and revenue of $3.69 billion, indicating changes of -84.86% and -14.29%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Hyster-Yale. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Hyster-Yale boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Hyster-Yale is currently trading at a Forward P/E ratio of 31.29. This represents a premium compared to its industry average Forward P/E of 22.21.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 93, placing it within the top 38% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.