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Hyster-Yale (HY) Laps the Stock Market: Here's Why
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Hyster-Yale (HY - Free Report) ended the recent trading session at $36.05, demonstrating a +2.91% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.58%.
The stock of maker of lift trucks and aftermarket parts has fallen by 2.83% in the past month, lagging the Industrial Products sector's gain of 0.74% and the S&P 500's gain of 3.68%.
Investors will be eagerly watching for the performance of Hyster-Yale in its upcoming earnings disclosure. The company is expected to report EPS of $0.03, down 96.91% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $955.69 million, indicating a 5.95% decrease compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.75 per share and a revenue of $3.77 billion, representing changes of -91.65% and -12.59%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Hyster-Yale presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Hyster-Yale is at present trading with a Forward P/E ratio of 46.71. This expresses a premium compared to the average Forward P/E of 20.26 of its industry.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 180, positioning it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.
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Hyster-Yale (HY) Laps the Stock Market: Here's Why
Hyster-Yale (HY - Free Report) ended the recent trading session at $36.05, demonstrating a +2.91% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.58%.
The stock of maker of lift trucks and aftermarket parts has fallen by 2.83% in the past month, lagging the Industrial Products sector's gain of 0.74% and the S&P 500's gain of 3.68%.
Investors will be eagerly watching for the performance of Hyster-Yale in its upcoming earnings disclosure. The company is expected to report EPS of $0.03, down 96.91% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $955.69 million, indicating a 5.95% decrease compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.75 per share and a revenue of $3.77 billion, representing changes of -91.65% and -12.59%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Hyster-Yale presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Hyster-Yale is at present trading with a Forward P/E ratio of 46.71. This expresses a premium compared to the average Forward P/E of 20.26 of its industry.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 180, positioning it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.