Hyster-Yale (HY) Sees a More Significant Dip Than Broader Market: Some Facts to Know

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]