Hyster-Yale (HY) Increases Despite Market Slip: Here's What You Need to Know

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]