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 ...

Company Performance - Hyster-Yale's stock closed at $63.77, with a slight increase of +0.06% from the previous trading day, underperforming the S&P 500's gain of 0.42% [1] - Over the past month, the stock has risen by 1.22%, which is lower than the Industrial Products sector's gain of 6.17% and the S&P 500's gain of 2.06% [1] Upcoming Earnings - The upcoming earnings release is anticipated, with projected earnings per share (EPS) of $1.97, reflecting a 4.37% decrease from the same quarter last year [2] - Revenue is estimated to be $1.06 billion, indicating a 5.51% increase compared to the same quarter of the previous year [2] Annual Estimates - For the annual period, earnings are expected to be $9.69 per share and revenue at $4.37 billion, representing increases of +33.84% and +6.05% respectively from the last year [3] - Recent modifications to analyst estimates indicate shifting business dynamics, with positive revisions reflecting optimism about the company's profitability [3][4] Valuation Metrics - Hyster-Yale's Forward P/E ratio is currently at 6.58, which is a discount compared to its industry's Forward P/E of 10.19 [6] - The Manufacturing - Construction and Mining industry, part of the Industrial Products sector, has a Zacks Industry Rank of 184, placing it in the bottom 28% of over 250 industries [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with 1 stocks delivering an average annual return of +25% since 1988 [5] - Hyster-Yale currently holds a Zacks Rank of 3 (Hold), with no changes in the consensus EPS estimate over the past month [5]

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) 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 ...

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 ...

Core Viewpoint - Hyster-Yale's stock has underperformed compared to the broader market and its sector, with upcoming earnings expected to show a decline in EPS but an increase in revenue [1][2]. Group 1: Stock Performance - Hyster-Yale's stock closed at $59.75, down 1.81% from the previous session, which is less than the S&P 500's loss of 0.16% [1] - Over the past month, Hyster-Yale shares have decreased by 13.1%, lagging behind the Industrial Products sector's gain of 3.11% and the S&P 500's gain of 3.64% [1] Group 2: Earnings Estimates - The upcoming earnings per share (EPS) for Hyster-Yale is projected to be $1.97, reflecting a 4.37% decrease from the same quarter last year [2] - Revenue is anticipated to be $1.06 billion, indicating a 5.51% increase from the same quarter last year [2] Group 3: Fiscal Year Projections - For the entire fiscal year, earnings are projected at $9.69 per share, representing a 33.84% increase from the prior year, while revenue is expected to be $4.37 billion, reflecting a 6.05% increase [3] Group 4: Analyst Sentiment - Recent changes in analyst estimates for Hyster-Yale indicate positive sentiment, with a 16.82% increase in the Zacks Consensus EPS estimate over the last 30 days [5] - Hyster-Yale currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [5] Group 5: Valuation Metrics - Hyster-Yale is trading at a Forward P/E ratio of 6.28, which is below the industry average of 10.22, indicating a discount compared to its peers [6] - The Manufacturing - Construction and Mining industry, to which Hyster-Yale belongs, ranks in the bottom 12% of all industries according to the Zacks Industry Rank [6]

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Hyster-Yale (HY) could be a solid choice for investors 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 investors ...

Company Overview - Hyster-Yale, Inc. is headquartered in Cleveland, Ohio, and is a globally integrated company that offers a full line of lift trucks and solutions, including attachments and hydrogen fuel cell power products [2] - The company's vision is to transform material movement from Port to Home, focusing on understanding customer applications and providing optimal solutions to improve productivity at the lowest cost of ownership [2] Subsidiaries and Operations - Hyster-Yale's wholly owned subsidiary, Hyster-Yale Materials Handling, Inc., designs, engineers, manufactures, sells, and services a comprehensive line of lift trucks, attachments, and aftermarket parts, primarily under the Hyster® and Yale® brand names [3] - The company also owns Bolzoni S.p.A., a leading producer of attachments, forks, and lift tables, and Nuvera Fuel Cells, LLC, which focuses on fuel cell stacks and engines [3] - Hyster-Yale has an unconsolidated joint venture in Japan with Sumitomo NACCO [3] Recent Financial Announcement - The Board of Directors of Hyster-Yale, Inc. declared a regular cash dividend of 35 cents per share, payable on both Class A and Class B Common Stock [1] - The dividend will be paid on September 13, 2024, to stockholders of record at the close of business on August 30, 2024 [1]

Core Insights - Hyster-Yale reported quarterly earnings of $3.58 per share, exceeding the Zacks Consensus Estimate of $2.28 per share, and showing a year-over-year increase from $2.21 per share, resulting in an earnings surprise of 57.02% [1] - The company achieved revenues of $1.17 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 8.11% and increasing from $1.09 billion year-over-year [2] - Hyster-Yale's stock has increased approximately 11.5% since the beginning of the year, outperforming the S&P 500's gain of 8.7% [3] Earnings Outlook - The future performance of Hyster-Yale's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [3][4] - Current consensus EPS estimate for the upcoming quarter is $1.51 on revenues of $1.05 billion, and for the current fiscal year, it is $8.30 on revenues of $4.26 billion [7] Industry Context - Hyster-Yale operates within the Manufacturing - Construction and Mining industry, which is currently ranked in the bottom 10% of over 250 Zacks industries, indicating potential challenges ahead [8]