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Hyster-Yale (HY) Exceeds Market Returns: Some Facts to Consider
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Hyster-Yale (HY - Free Report) closed at $36.15 in the latest trading session, marking a +2.73% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.62%. Meanwhile, the Dow gained 0.58%, and the Nasdaq, a tech-heavy index, added 0.83%.
Coming into today, shares of the maker of lift trucks and aftermarket parts had gained 8.64% in the past month. In that same time, the Industrial Products sector gained 3.89%, while the S&P 500 gained 0.8%.
The investment community will be closely monitoring the performance of Hyster-Yale in its forthcoming earnings report. The company is expected to report EPS of -$1.9, down 487.76% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $878.12 million, indicating a 3.55% decrease compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$1.95 per share and a revenue of $3.71 billion, indicating changes of -8.94% and -1.57%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Hyster-Yale. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. Hyster-Yale is holding a Zacks Rank of #5 (Strong Sell) right now.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 177, this industry ranks in the bottom 28% of all industries, numbering over 250.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Hyster-Yale (HY) Exceeds Market Returns: Some Facts to Consider
Hyster-Yale (HY - Free Report) closed at $36.15 in the latest trading session, marking a +2.73% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.62%. Meanwhile, the Dow gained 0.58%, and the Nasdaq, a tech-heavy index, added 0.83%.
Coming into today, shares of the maker of lift trucks and aftermarket parts had gained 8.64% in the past month. In that same time, the Industrial Products sector gained 3.89%, while the S&P 500 gained 0.8%.
The investment community will be closely monitoring the performance of Hyster-Yale in its forthcoming earnings report. The company is expected to report EPS of -$1.9, down 487.76% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $878.12 million, indicating a 3.55% decrease compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$1.95 per share and a revenue of $3.71 billion, indicating changes of -8.94% and -1.57%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Hyster-Yale. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. Hyster-Yale is holding a Zacks Rank of #5 (Strong Sell) right now.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 177, this industry ranks in the bottom 28% of all industries, numbering over 250.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.