We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's Why Hyster-Yale (HY) Fell More Than Broader Market
Read MoreHide Full Article
In the latest close session, Hyster-Yale (HY - Free Report) was down 2.27% at $34.88. This move lagged the S&P 500's daily loss of 0.48%. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, lost 0.64%.
The maker of lift trucks and aftermarket parts's shares have seen an increase of 3.42% over the last month, surpassing the Industrial Products sector's loss of 4.15% and the S&P 500's loss of 0.97%.
The upcoming earnings release of Hyster-Yale will be of great interest to investors. The company is predicted to post an EPS of -$0.4, indicating a 344.44% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $926.45 million, down 5.38% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$2.91 per share and a revenue of $3.49 billion, indicating changes of -62.57% and -7.42%, respectively, from the former 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. 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. This group has a Zacks Industry Rank of 74, putting it in the top 31% of all 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Here's Why Hyster-Yale (HY) Fell More Than Broader Market
In the latest close session, Hyster-Yale (HY - Free Report) was down 2.27% at $34.88. This move lagged the S&P 500's daily loss of 0.48%. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, lost 0.64%.
The maker of lift trucks and aftermarket parts's shares have seen an increase of 3.42% over the last month, surpassing the Industrial Products sector's loss of 4.15% and the S&P 500's loss of 0.97%.
The upcoming earnings release of Hyster-Yale will be of great interest to investors. The company is predicted to post an EPS of -$0.4, indicating a 344.44% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $926.45 million, down 5.38% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$2.91 per share and a revenue of $3.49 billion, indicating changes of -62.57% and -7.42%, respectively, from the former 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. 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. This group has a Zacks Industry Rank of 74, putting it in the top 31% of all 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.