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Hyster-Yale (HY) Sees a More Significant Dip Than Broader Market: Some Facts to Know

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Hyster-Yale (HY - Free Report) closed the most recent trading day at $59.75, moving -1.81% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.16%. Elsewhere, the Dow gained 0.09%, while the tech-heavy Nasdaq lost 0.3%.

Prior to today's trading, shares of the maker of lift trucks and aftermarket parts had lost 13.1% over the past month. This has lagged the Industrial Products sector's gain of 3.11% and the S&P 500's gain of 3.64% in that time.

Analysts and investors alike will be keeping a close eye on the performance of Hyster-Yale in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.97, reflecting a 4.37% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.06 billion, indicating a 5.51% upward movement from the same quarter last year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.69 per share and a revenue of $4.37 billion, representing changes of +33.84% and +6.05%, respectively, from the prior year.

Any recent changes to analyst estimates for Hyster-Yale should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research suggests that these changes in estimates have a direct relationship with upcoming 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 16.82% higher. Hyster-Yale currently has a Zacks Rank of #3 (Hold).

In terms of valuation, Hyster-Yale is currently trading at a Forward P/E ratio of 6.28. For comparison, its industry has an average Forward P/E of 10.22, which means Hyster-Yale is trading at a discount to the group.

The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 223, this industry ranks in the bottom 12% of all industries, numbering over 250.

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.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.


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