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Hyster-Yale (HY) Increases Despite Market Slip: Here's What You Need to Know
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Hyster-Yale (HY - Free Report) closed at $36.14 in the latest trading session, marking a +1.89% move from the prior day. This change outpaced the S&P 500's 0.16% loss on the day. Meanwhile, the Dow gained 0.44%, and the Nasdaq, a tech-heavy index, lost 0.76%.
Coming into today, shares of the maker of lift trucks and aftermarket parts had lost 1.47% in the past month. In that same time, the Industrial Products sector lost 0.75%, while the S&P 500 gained 1.14%.
The upcoming earnings release of Hyster-Yale will be of great interest to investors. On that day, Hyster-Yale is projected to report earnings of $0.03 per share, which would represent a year-over-year decline of 96.91%. In the meantime, our current consensus estimate forecasts the revenue to be $955.69 million, indicating a 5.95% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $0.75 per share and a revenue of $3.77 billion, demonstrating changes of -91.65% and -12.59%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Hyster-Yale. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Hyster-Yale possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Hyster-Yale is presently being traded at a Forward P/E ratio of 47.29. This indicates a premium in contrast to its industry's Forward P/E of 19.57.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 204, positioning it in the bottom 18% 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) Increases Despite Market Slip: Here's What You Need to Know
Hyster-Yale (HY - Free Report) closed at $36.14 in the latest trading session, marking a +1.89% move from the prior day. This change outpaced the S&P 500's 0.16% loss on the day. Meanwhile, the Dow gained 0.44%, and the Nasdaq, a tech-heavy index, lost 0.76%.
Coming into today, shares of the maker of lift trucks and aftermarket parts had lost 1.47% in the past month. In that same time, the Industrial Products sector lost 0.75%, while the S&P 500 gained 1.14%.
The upcoming earnings release of Hyster-Yale will be of great interest to investors. On that day, Hyster-Yale is projected to report earnings of $0.03 per share, which would represent a year-over-year decline of 96.91%. In the meantime, our current consensus estimate forecasts the revenue to be $955.69 million, indicating a 5.95% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $0.75 per share and a revenue of $3.77 billion, demonstrating changes of -91.65% and -12.59%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Hyster-Yale. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Hyster-Yale possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Hyster-Yale is presently being traded at a Forward P/E ratio of 47.29. This indicates a premium in contrast to its industry's Forward P/E of 19.57.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 204, positioning it in the bottom 18% 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.