Hyster-Yale(US:HY) ZACKSยท2024-09-30 23:16Company 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]