Hyster-Yale’s Stock Performance and Earnings Outlook: What Investors Need to Know
Hyster-Yale (HY) wrapped up the most recent trading session at $66.63, down 1.6% from its previous closing price. In comparison, the S&P 500 dipped by 0.18%, the Dow fell 0.8%, while the Nasdaq saw a slight uptick of 0.27%.
Over the last month, Hyster-Yale’s shares have risen by 9.56%. This growth outpaces the 5.13% increase in the Industrial Products sector and the 4.46% rise seen in the S&P 500.
Upcoming Earnings Report: What Analysts Predict
Investors are keenly awaiting Hyster-Yale’s upcoming earnings report. Analysts anticipate that the company will report earnings of $1.97 per share, which reflects a year-over-year decline of 4.37%. Furthermore, revenue is projected at $1.06 billion, indicating a 5.51% increase compared to the same quarter last year.
Looking at the full fiscal year, Zacks Consensus Estimates forecast earnings of $9.69 per share and total revenue of $4.37 billion, signifying increases of 33.84% and 6.05%, respectively, from the previous year.
Analyst Estimates: A Sign of Optimism
Recently adjusted analyst estimates may signal evolving business trends for Hyster-Yale. Positive revisions often suggest a brighter outlook for the company, indicating confidence among experts in its future performance.
Historical data shows a connection between estimate changes and stock price movements. To help investors, Zacks has developed the Zacks Rank, a rating system that reflects these changes. The Zacks Rank, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy record; stocks ranked #1 have averaged a 25% annual return since 1988. Currently, Hyster-Yale holds a Zacks Rank of #2 (Buy).
Current Valuation: An Attractive Discount
Hyster-Yale is currently trading with a Forward P/E ratio of 6.99, compared to the industry average of 10.06. This suggests that the stock is undervalued relative to its peers.
Part of the Manufacturing – Construction and Mining sector, Hyster-Yale is among an industry group with a Zacks Industry Rank of 169, placing it in the lower 33% of over 250 industries. The Zacks Industry Rank reflects the average rating of stocks within these groups. Research indicates that stocks in the top 50% of rated industries tend to outperform those in the bottom half at a ratio of 2 to 1.
For further analysis of stock metrics and trends, visit Zacks.com.
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Hyster-Yale, Inc. (HY): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
