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Here's Why Hyster-Yale (HY) Fell More Than Broader Market
ZACKS· 2024-10-21 23:20
Hyster-Yale (HY) closed the latest trading day at $66.63, indicating a -1.6% change from the previous session's end. This move lagged the S&P 500's daily loss of 0.18%. At the same time, the Dow lost 0.8%, and the tech-heavy Nasdaq gained 0.27%.The maker of lift trucks and aftermarket parts's stock has climbed by 9.56% in the past month, exceeding the Industrial Products sector's gain of 5.13% and the S&P 500's gain of 4.46%.The investment community will be paying close attention to the earnings performance ...
Hyster-Yale (HY) Stock Dips While Market Gains: Key Facts
ZACKS· 2024-10-14 23:21
In the latest trading session, Hyster-Yale (HY) closed at $67.46, marking a -1.9% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.77%. Meanwhile, the Dow gained 0.47%, and the Nasdaq, a tech-heavy index, added 0.87%. Coming into today, shares of the maker of lift trucks and aftermarket parts had gained 15.23% in the past month. In that same time, the Industrial Products sector gained 8.52%, while the S&P 500 gained 4.87%. The investment community will be paying c ...
Hyster-Yale (HY) Upgraded to Buy: Here's Why
ZACKS· 2024-10-08 17:01
Hyster-Yale (HY) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Individual inv ...
Hyster-Yale (HY) Advances While Market Declines: Some Information for Investors
ZACKS· 2024-10-07 23:20
Hyster-Yale (HY) closed the latest trading day at $66.54, indicating a +1.25% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 0.96%. At the same time, the Dow lost 0.94%, and the tech-heavy Nasdaq lost 1.18%. Shares of the maker of lift trucks and aftermarket parts have appreciated by 14.41% over the course of the past month, outperforming the Industrial Products sector's gain of 8.21% and the S&P 500's gain of 4.3%. Market participants will be closely fo ...
Hyster-Yale (HY) Ascends But Remains Behind Market: Some Facts to Note
ZACKS· 2024-09-30 23:16
The most recent trading session ended with Hyster-Yale (HY) standing at $63.77, reflecting a +0.06% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.42%. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq added 0.38%. The maker of lift trucks and aftermarket parts's stock has climbed by 1.22% in the past month, falling short of the Industrial Products sector's gain of 6.17% and the S&P 500's gain of 2.06%. The upcoming earnings release ...
Hyster-Yale (HY) Rises Higher Than Market: Key Facts
ZACKS· 2024-09-24 23:20
Core Viewpoint - Hyster-Yale's stock performance has been underwhelming compared to the broader market, with upcoming earnings expected to show a decline in earnings per share year-over-year, despite a projected increase in revenue [1][2]. Financial Performance - Hyster-Yale is expected to report earnings of $1.97 per share, reflecting a year-over-year decline of 4.37% [2]. - The projected revenue for the upcoming earnings release is $1.06 billion, which represents a 5.51% increase from the previous year [2]. - For the entire fiscal year, earnings are projected at $9.69 per share, indicating a 33.84% increase from the prior year, while revenue is expected to reach $4.37 billion, up 6.05% [3]. Analyst Estimates - Recent changes in analyst estimates are crucial as they reflect near-term business trends, with upward revisions indicating positive sentiment towards the company's operations [4]. - The Zacks Consensus EPS estimate has increased by 6.72% over the last 30 days, and Hyster-Yale currently holds a Zacks Rank of 3 (Hold) [6]. Valuation Metrics - Hyster-Yale is trading at a Forward P/E ratio of 6.31, which is below the industry average of 10.1, suggesting that the stock may be undervalued [7]. - The Manufacturing - Construction and Mining industry, to which Hyster-Yale belongs, has a Zacks Industry Rank of 189, placing it in the bottom 26% of over 250 industries [7]. Industry Insights - The Zacks Industry Rank evaluates the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [8].
Hyster-Yale (HY) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2024-09-17 23:21
Hyster-Yale (HY) closed the most recent trading day at $60.88, moving +1.86% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.03% for the day. Meanwhile, the Dow experienced a drop of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.2%. Prior to today's trading, shares of the maker of lift trucks and aftermarket parts had gained 0.18% over the past month. This has lagged the Industrial Products sector's gain of 2.71% and the S&P 500's gain of 1.5 ...
Hyster-Yale (HY) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS· 2024-09-11 23:05
In the latest market close, Hyster-Yale (HY) reached $57.82, with a -0.45% movement compared to the previous day. This move lagged the S&P 500's daily gain of 1.07%. At the same time, the Dow added 0.31%, and the tech-heavy Nasdaq gained 2.17%. Coming into today, shares of the maker of lift trucks and aftermarket parts had lost 2.44% in the past month. In that same time, the Industrial Products sector gained 0.75%, while the S&P 500 gained 2.92%. Investors will be eagerly watching for the performance of Hys ...
Hyster-Yale (HY) Sees a More Significant Dip Than Broader Market: Some Facts to Know
ZACKS· 2024-09-04 23:07
Hyster-Yale (HY) 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 wil ...
Hyster-Yale (HY) is an Incredible Growth Stock: 3 Reasons Why
ZACKS· 2024-09-02 17:45
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks G ...