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Hyster-Yale (HY) Laps the Stock Market: Here's Why
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Hyster-Yale (HY - Free Report) closed at $29.39 in the latest trading session, marking a +1.94% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.6% for the day. Meanwhile, the Dow experienced a rise of 0.03%, and the technology-dominated Nasdaq saw an increase of 1.18%.
Prior to today's trading, shares of the maker of lift trucks and aftermarket parts had lost 9.54% lagged the Industrial Products sector's loss of 5.74% and the S&P 500's loss of 0.79%.
The investment community will be paying close attention to the earnings performance 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, the latest consensus estimate predicts the revenue to be $926.45 million, indicating a 5.38% decrease compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$2.91 per share and a revenue of $3.49 billion, signifying shifts of -62.57% and -7.42%, respectively, from the last year.
Investors should also pay attention to any latest changes in 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. 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 104, finds itself in the top 43% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Hyster-Yale (HY) Laps the Stock Market: Here's Why
Hyster-Yale (HY - Free Report) closed at $29.39 in the latest trading session, marking a +1.94% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.6% for the day. Meanwhile, the Dow experienced a rise of 0.03%, and the technology-dominated Nasdaq saw an increase of 1.18%.
Prior to today's trading, shares of the maker of lift trucks and aftermarket parts had lost 9.54% lagged the Industrial Products sector's loss of 5.74% and the S&P 500's loss of 0.79%.
The investment community will be paying close attention to the earnings performance 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, the latest consensus estimate predicts the revenue to be $926.45 million, indicating a 5.38% decrease compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$2.91 per share and a revenue of $3.49 billion, signifying shifts of -62.57% and -7.42%, respectively, from the last year.
Investors should also pay attention to any latest changes in 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. 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 104, finds itself in the top 43% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.