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Hyster-Yale (HY) Advances While Market Declines: Some Information for Investors
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In the latest trading session, Hyster-Yale (HY - Free Report) closed at $36.41, marking a +1.31% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.01%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq lost 0.46%.
Coming into today, shares of the maker of lift trucks and aftermarket parts had lost 0.72% in the past month. In that same time, the Industrial Products sector gained 7.26%, while the S&P 500 lost 1.4%.
The investment community will be paying close attention to the earnings performance of Hyster-Yale in its upcoming release. The company is predicted to post an EPS of -$2.05, indicating a 1364.29% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $804.62 million, showing a 15.89% drop compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$2.75 per share and a revenue of $3.53 billion, signifying shifts of -53.63% and -6.32%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Hyster-Yale. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Hyster-Yale is holding a Zacks Rank of #3 (Hold) right now.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 186, placing it within the bottom 24% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.
View the Zacks #1 Rank List
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Hyster-Yale (HY) Advances While Market Declines: Some Information for Investors
In the latest trading session, Hyster-Yale (HY - Free Report) closed at $36.41, marking a +1.31% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.01%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq lost 0.46%.
Coming into today, shares of the maker of lift trucks and aftermarket parts had lost 0.72% in the past month. In that same time, the Industrial Products sector gained 7.26%, while the S&P 500 lost 1.4%.
The investment community will be paying close attention to the earnings performance of Hyster-Yale in its upcoming release. The company is predicted to post an EPS of -$2.05, indicating a 1364.29% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $804.62 million, showing a 15.89% drop compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$2.75 per share and a revenue of $3.53 billion, signifying shifts of -53.63% and -6.32%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Hyster-Yale. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Hyster-Yale is holding a Zacks Rank of #3 (Hold) right now.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 186, placing it within the bottom 24% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.