Hyster-Yale (HY) Rises Higher Than Market: Key Facts

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].