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]

Q2 2024 Consolidated Highlights: Continued consolidated revenue growth of more than 7% over Q2 2023 Operating profit of $95.6 million, up 63% from Q2 2023, and ahead of expectations Operating profit margin of 8.2%, up from 5.4% in Q2 2023 Net income of $63.3 million, up 65%, from Q2 2023 CLEVELAND, Aug. 6, 2024 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE: HY) reported the following consolidated results for the three months ended June 30, 2024. | --- | --- | --- | --- | --- | --- | |----------------------------- ...

In conjunction with this release, the Company will host a webcast with the financial community at 11:00 a.m. ET on Wednesday, August 7, 2024, to discuss the financial results. Access to the live audio webcast will be available on the Company's website. About Hyster-Yale, Inc. The Company's wholly owned operating subsidiary, Hyster-Yale Materials Handling, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks, attachments and aftermarket parts marketed globally primar ...

The most recent trading session ended with Hyster-Yale (HY) standing at $78.14, reflecting a +1.05% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 1.11% for the day. On the other hand, the Dow registered a gain of 1.64%, and the technology-centric Nasdaq increased by 1.03%. Investors will be eagerly watching for the performance of Hyster-Yale in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $2.28, m ...

Company Performance - Hyster-Yale's stock closed at $75.70, reflecting a 1.5% increase from the previous trading session, outperforming the S&P 500 which saw a loss of 0.16% [1] - The stock has risen by 4.82% over the past month, surpassing the Industrial Products sector's gain of 3.98% and the S&P 500's gain of 1.96% [1] Earnings Expectations - The upcoming earnings report is expected to show an EPS of $2.28, a 3.17% increase compared to the same quarter last year, with projected net sales of $1.08 billion, down 0.93% from the previous year [2] - For the entire year, the forecasted earnings are $8.30 per share and revenue of $4.26 billion, indicating increases of 14.64% and 3.42% respectively compared to the previous year [3] Analyst Estimates and Valuation - Recent adjustments to analyst estimates for Hyster-Yale are important as they reflect short-term business dynamics, with positive revisions indicating optimism about the company's outlook [4] - The Zacks Rank system, which assesses these estimate changes, currently ranks Hyster-Yale at 3 (Hold), with the Forward P/E ratio at 8.99, indicating a discount compared to the industry's average Forward P/E of 10.51 [6] Industry Context - Hyster-Yale operates within the Manufacturing - Construction and Mining industry, which is part of the Industrial Products sector, currently holding a Zacks Industry Rank of 100, placing it in the top 40% of over 250 industries [7]

In the latest trading session, Hyster-Yale (HY) closed at $73.34, marking a -1.53% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 1.39%. At the same time, the Dow added 0.6%, and the tech-heavy Nasdaq lost 2.77%. Shares of the maker of lift trucks and aftermarket parts witnessed a gain of 0.03% over the previous month, trailing the performance of the Industrial Products sector with its gain of 6.64% and the S&P 500's gain of 4.43%. For the full year, the Zacks Con ...