In the latest trading session, Hyster-Yale (HY) closed at $33.54, marking a -2.39% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.03%. Meanwhile, the Dow lost 0.58%, and the Nasdaq, a tech-heavy index, added 0.28%.
Shares of the maker of lift trucks and aftermarket parts have appreciated by 11.02% over the course of the past month, outperforming the Industrial Products sector's gain of 7.83%, and the S&P 500's gain of 0.6%.
The investment community will be paying close attention to the earnings performance of Hyster-Yale in its upcoming release. On that day, Hyster-Yale is projected to report earnings of -$1.2 per share, which would represent a year-over-year decline of 181.63%. Our most recent consensus estimate is calling for quarterly revenue of $916.43 million, down 14.15% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.93 per share and revenue of $3.76 billion. These totals would mark changes of -110.36% and 0%, respectively, from last year.
Any recent changes to analyst estimates for Hyster-Yale should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Within the past 30 days, our consensus EPS projection remained stagnant. Hyster-Yale presently features a Zacks Rank of #3 (Hold).
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 97, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Hyster-Yale, Inc. (HY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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