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Hyster-Yale (HY) Gains But Lags Market: What You Should Know
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Hyster-Yale (HY - Free Report) closed the most recent trading day at $37.64, moving +1.24% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 1.65%. At the same time, the Dow added 0.92%, and the tech-heavy Nasdaq gained 3.07%.
Coming into today, shares of the maker of lift trucks and aftermarket parts had gained 4.03% in the past month. In that same time, the Industrial Products sector gained 0.53%, while the S&P 500 gained 0.48%.
Market participants will be closely following the financial results of Hyster-Yale in its upcoming release. The company is expected to report EPS of -$2.05, down 1364.29% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $804.62 million, indicating a 15.89% decrease compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$2.75 per share and a revenue of $3.53 billion, indicating changes of -53.63% and -6.32%, respectively, from the former 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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 past month, the Zacks Consensus EPS estimate remained stagnant. Hyster-Yale presently features a Zacks Rank of #3 (Hold).
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 182, placing it within the bottom 26% of over 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Hyster-Yale (HY) Gains But Lags Market: What You Should Know
Hyster-Yale (HY - Free Report) closed the most recent trading day at $37.64, moving +1.24% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 1.65%. At the same time, the Dow added 0.92%, and the tech-heavy Nasdaq gained 3.07%.
Coming into today, shares of the maker of lift trucks and aftermarket parts had gained 4.03% in the past month. In that same time, the Industrial Products sector gained 0.53%, while the S&P 500 gained 0.48%.
Market participants will be closely following the financial results of Hyster-Yale in its upcoming release. The company is expected to report EPS of -$2.05, down 1364.29% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $804.62 million, indicating a 15.89% decrease compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$2.75 per share and a revenue of $3.53 billion, indicating changes of -53.63% and -6.32%, respectively, from the former 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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 past month, the Zacks Consensus EPS estimate remained stagnant. Hyster-Yale presently features a Zacks Rank of #3 (Hold).
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 182, placing it within the bottom 26% of over 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.