Hyster-Yale (HY) closed the most recent trading day at $36.83, moving -3.51% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.43%. Meanwhile, the Dow lost 1.05%, and the Nasdaq, a tech-heavy index, lost 0.92%.
Coming into today, shares of the maker of lift trucks and aftermarket parts had gained 16.05% in the past month. In that same time, the Industrial Products sector gained 10.19%, while the S&P 500 lost 0.5%.
Market participants will be closely following the financial results of Hyster-Yale in its upcoming release. The company plans to announce its earnings on March 3, 2026. The company's upcoming EPS is projected at -$1.2, signifying a 181.63% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $916.43 million, indicating a 14.15% decrease compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.93 per share and a revenue of $3.76 billion, indicating changes of -110.36% and -12.67%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Hyster-Yale. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, Hyster-Yale holds a Zacks Rank of #3 (Hold).
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 204, positioning it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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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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