We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Hyster-Yale (HY) Suffers a Larger Drop Than the General Market: Key Insights
Read MoreHide Full Article
Hyster-Yale (HY - Free Report) closed the most recent trading day at $42.34, moving -2.6% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.3%. On the other hand, the Dow registered a loss of 0.46%, and the technology-centric Nasdaq decreased by 0.38%.
Shares of the maker of lift trucks and aftermarket parts have appreciated by 9.28% over the course of the past month, outperforming the Industrial Products sector's gain of 6.17%, and the S&P 500's gain of 3.64%.
The upcoming earnings release of Hyster-Yale will be of great interest to investors. The company is expected to report EPS of $0.07, down 98.04% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $936.9 million, indicating a 19.79% decrease compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.36 per share and a revenue of $3.69 billion, indicating changes of -84.86% and -14.29%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Hyster-Yale. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Hyster-Yale currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Hyster-Yale is currently exchanging hands at a Forward P/E ratio of 31.96. This represents a premium compared to its industry average Forward P/E of 23.04.
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 is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Hyster-Yale (HY) Suffers a Larger Drop Than the General Market: Key Insights
Hyster-Yale (HY - Free Report) closed the most recent trading day at $42.34, moving -2.6% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.3%. On the other hand, the Dow registered a loss of 0.46%, and the technology-centric Nasdaq decreased by 0.38%.
Shares of the maker of lift trucks and aftermarket parts have appreciated by 9.28% over the course of the past month, outperforming the Industrial Products sector's gain of 6.17%, and the S&P 500's gain of 3.64%.
The upcoming earnings release of Hyster-Yale will be of great interest to investors. The company is expected to report EPS of $0.07, down 98.04% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $936.9 million, indicating a 19.79% decrease compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.36 per share and a revenue of $3.69 billion, indicating changes of -84.86% and -14.29%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Hyster-Yale. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Hyster-Yale currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Hyster-Yale is currently exchanging hands at a Forward P/E ratio of 31.96. This represents a premium compared to its industry average Forward P/E of 23.04.
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 is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.