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Hyster-Yale (HY) Stock Drops Despite Market Gains: Important Facts to Note
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Hyster-Yale (HY - Free Report) closed the most recent trading day at $30.10, moving -1.86% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.33%. Elsewhere, the Dow gained 1.08%, while the tech-heavy Nasdaq added 0.08%.
Heading into today, shares of the maker of lift trucks and aftermarket parts had lost 8.56% over the past month, lagging the Industrial Products sector's loss of 0.6% and the S&P 500's gain of 1.41%.
The investment community will be paying close attention to the earnings performance of Hyster-Yale in its upcoming release. The company is expected to report EPS of -$0.4, down 344.44% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $926.45 million, showing a 5.38% drop compared to the year-ago 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.
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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. 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 bearing a Zacks Industry Rank of 69, finds itself in the top 29% echelons 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Hyster-Yale (HY) Stock Drops Despite Market Gains: Important Facts to Note
Hyster-Yale (HY - Free Report) closed the most recent trading day at $30.10, moving -1.86% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.33%. Elsewhere, the Dow gained 1.08%, while the tech-heavy Nasdaq added 0.08%.
Heading into today, shares of the maker of lift trucks and aftermarket parts had lost 8.56% over the past month, lagging the Industrial Products sector's loss of 0.6% and the S&P 500's gain of 1.41%.
The investment community will be paying close attention to the earnings performance of Hyster-Yale in its upcoming release. The company is expected to report EPS of -$0.4, down 344.44% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $926.45 million, showing a 5.38% drop compared to the year-ago 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.
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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. 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 bearing a Zacks Industry Rank of 69, finds itself in the top 29% echelons 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.
You can find more information on all of these metrics, and much more, on Zacks.com.