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Hyster-Yale (HY) Stock Sinks As Market Gains: Here's Why
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Hyster-Yale (HY - Free Report) ended the recent trading session at $32.43, demonstrating a -2.02% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.11%. Meanwhile, the Dow experienced a drop of 0.13%, and the technology-dominated Nasdaq saw an increase of 0.18%.
The maker of lift trucks and aftermarket parts's stock has dropped by 12.25% in the past month, falling short of the Industrial Products sector's loss of 6.81% and the S&P 500's loss of 4.28%.
Investors will be eagerly watching for the performance of Hyster-Yale in its upcoming earnings disclosure. The company is expected to report EPS of -$1.9, down 487.76% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $878.12 million, down 3.55% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$1.95 per share and a revenue of $3.71 billion, representing changes of -8.94% and -1.57%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Hyster-Yale. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 134.94% lower. Hyster-Yale presently features a Zacks Rank of #5 (Strong Sell).
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 95, finds itself in the top 39% echelons of all 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.
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) Stock Sinks As Market Gains: Here's Why
Hyster-Yale (HY - Free Report) ended the recent trading session at $32.43, demonstrating a -2.02% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.11%. Meanwhile, the Dow experienced a drop of 0.13%, and the technology-dominated Nasdaq saw an increase of 0.18%.
The maker of lift trucks and aftermarket parts's stock has dropped by 12.25% in the past month, falling short of the Industrial Products sector's loss of 6.81% and the S&P 500's loss of 4.28%.
Investors will be eagerly watching for the performance of Hyster-Yale in its upcoming earnings disclosure. The company is expected to report EPS of -$1.9, down 487.76% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $878.12 million, down 3.55% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$1.95 per share and a revenue of $3.71 billion, representing changes of -8.94% and -1.57%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Hyster-Yale. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 134.94% lower. Hyster-Yale presently features a Zacks Rank of #5 (Strong Sell).
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 95, finds itself in the top 39% echelons of all 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.