Back to top

Image: Bigstock

Hyster-Yale (HY) Registers a Bigger Fall Than the Market: Important Facts to Note

Read MoreHide Full Article

In the latest trading session, Hyster-Yale (HY - Free Report) closed at $36.09, marking a -1.5% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.53%. Meanwhile, the Dow experienced a drop of 0.71%, and the technology-dominated Nasdaq saw a decrease of 0.93%.

Coming into today, shares of the maker of lift trucks and aftermarket parts had lost 1.87% in the past month. In that same time, the Industrial Products sector gained 1.64%, while the S&P 500 gained 1.13%.

Analysts and investors alike will be keeping a close eye on the performance of Hyster-Yale in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.03, signifying a 96.91% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $955.69 million, indicating a 5.95% downward movement from the same quarter last 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.

Investors should also note any recent changes to analyst estimates for Hyster-Yale. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 currently has a Zacks Rank of #3 (Hold).

In the context of valuation, Hyster-Yale is at present trading with a Forward P/E ratio of 48.85. This signifies a premium in comparison to the average Forward P/E of 16.3 for its industry.

The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 201, putting it in the bottom 19% 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.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Hyster-Yale, Inc. (HY) - free report >>

Published in