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Hyster-Yale (HY) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Hyster-Yale (HY - Free Report) closed at $31.94, marking a +2.27% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.66%. At the same time, the Dow added 0.18%, and the tech-heavy Nasdaq gained 1.05%.
The maker of lift trucks and aftermarket parts's shares have seen a decrease of 12.64% over the last month, not keeping up with the Industrial Products sector's gain of 1.81% and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of Hyster-Yale in its upcoming release. The company's upcoming EPS is projected at -$0.4, signifying a 344.44% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $926.45 million, down 5.38% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of -$2.91 per share and a revenue of $3.49 billion, demonstrating changes of -62.57% and -7.42%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Hyster-Yale. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Hyster-Yale is currently sporting a Zacks Rank of #3 (Hold).
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 45, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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
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Hyster-Yale (HY) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Hyster-Yale (HY - Free Report) closed at $31.94, marking a +2.27% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.66%. At the same time, the Dow added 0.18%, and the tech-heavy Nasdaq gained 1.05%.
The maker of lift trucks and aftermarket parts's shares have seen a decrease of 12.64% over the last month, not keeping up with the Industrial Products sector's gain of 1.81% and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of Hyster-Yale in its upcoming release. The company's upcoming EPS is projected at -$0.4, signifying a 344.44% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $926.45 million, down 5.38% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of -$2.91 per share and a revenue of $3.49 billion, demonstrating changes of -62.57% and -7.42%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Hyster-Yale. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Hyster-Yale is currently sporting a Zacks Rank of #3 (Hold).
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 45, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.