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Hyster-Yale (HY) Registers a Bigger Fall Than the Market: Important Facts to Note
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Hyster-Yale (HY - Free Report) closed at $31.93 in the latest trading session, marking a -1.27% move from the prior day. This change lagged the S&P 500's daily loss of 0.06%. Elsewhere, the Dow saw an upswing of 0.38%, while the tech-heavy Nasdaq depreciated by 0.44%.
Coming into today, shares of the maker of lift trucks and aftermarket parts had lost 3.78% in the past month. In that same time, the Industrial Products sector lost 1.36%, while the S&P 500 gained 2.36%.
Analysts and investors alike will be keeping a close eye on the performance of Hyster-Yale in its upcoming earnings disclosure. In that report, analysts expect Hyster-Yale to post earnings of -$0.4 per share. This would mark a year-over-year decline of 344.44%. Simultaneously, our latest consensus estimate expects the revenue to be $926.45 million, showing a 5.38% drop compared to the year-ago quarter.
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 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 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Hyster-Yale boasts 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 102, which puts it in the top 42% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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) Registers a Bigger Fall Than the Market: Important Facts to Note
Hyster-Yale (HY - Free Report) closed at $31.93 in the latest trading session, marking a -1.27% move from the prior day. This change lagged the S&P 500's daily loss of 0.06%. Elsewhere, the Dow saw an upswing of 0.38%, while the tech-heavy Nasdaq depreciated by 0.44%.
Coming into today, shares of the maker of lift trucks and aftermarket parts had lost 3.78% in the past month. In that same time, the Industrial Products sector lost 1.36%, while the S&P 500 gained 2.36%.
Analysts and investors alike will be keeping a close eye on the performance of Hyster-Yale in its upcoming earnings disclosure. In that report, analysts expect Hyster-Yale to post earnings of -$0.4 per share. This would mark a year-over-year decline of 344.44%. Simultaneously, our latest consensus estimate expects the revenue to be $926.45 million, showing a 5.38% drop compared to the year-ago quarter.
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 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 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Hyster-Yale boasts 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 102, which puts it in the top 42% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.