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Hyster-Yale (HY) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Hyster-Yale (HY - Free Report) closed the most recent trading day at $33.18, moving -1.43% from the previous trading session. This change lagged the S&P 500's 0.53% loss on the day. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 1%.
The stock of maker of lift trucks and aftermarket parts has risen by 2.84% in the past month, lagging the Industrial Products sector's gain of 4.54% and overreaching the S&P 500's gain of 2.06%.
The investment community will be closely monitoring the performance of Hyster-Yale in its forthcoming earnings report. On that day, Hyster-Yale is projected to report earnings of -$1.2 per share, which would represent a year-over-year decline of 181.63%. Meanwhile, the latest consensus estimate predicts the revenue to be $916.43 million, indicating a 14.15% decrease compared to the same quarter of the previous year.
HY's full-year Zacks Consensus Estimates are calling for earnings of -$0.93 per share and revenue of $3.76 billion. These results would represent year-over-year changes of -110.36% and 0%, respectively.
Investors might also notice recent changes to analyst estimates for Hyster-Yale. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Hyster-Yale is carrying a Zacks Rank of #3 (Hold).
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 187, which puts it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Hyster-Yale (HY) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Hyster-Yale (HY - Free Report) closed the most recent trading day at $33.18, moving -1.43% from the previous trading session. This change lagged the S&P 500's 0.53% loss on the day. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 1%.
The stock of maker of lift trucks and aftermarket parts has risen by 2.84% in the past month, lagging the Industrial Products sector's gain of 4.54% and overreaching the S&P 500's gain of 2.06%.
The investment community will be closely monitoring the performance of Hyster-Yale in its forthcoming earnings report. On that day, Hyster-Yale is projected to report earnings of -$1.2 per share, which would represent a year-over-year decline of 181.63%. Meanwhile, the latest consensus estimate predicts the revenue to be $916.43 million, indicating a 14.15% decrease compared to the same quarter of the previous year.
HY's full-year Zacks Consensus Estimates are calling for earnings of -$0.93 per share and revenue of $3.76 billion. These results would represent year-over-year changes of -110.36% and 0%, respectively.
Investors might also notice recent changes to analyst estimates for Hyster-Yale. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Hyster-Yale is carrying a Zacks Rank of #3 (Hold).
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 187, which puts it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.