Hyster-Yale (HY) Beats Stock Market Upswing: What Investors Need to Know

Company Performance - Hyster-Yale's stock closed at $52.60, reflecting a +0.9% increase, outperforming the S&P 500's gain of 0.67% [1] - Over the past month, Hyster-Yale shares have appreciated by 4.66%, surpassing the Industrial Products sector's gain of 1.46% and the S&P 500's gain of 2.07% [1] Upcoming Earnings - Hyster-Yale is projected to report earnings of$ 1.38 per share, indicating a year-over-year decline of 3.5% [2] - The consensus estimate anticipates revenue of $1.02 billion, representing a 0.48% decrease from the same quarter last year [2] Analyst Estimates - Recent changes to analyst estimates for Hyster-Yale suggest a shifting landscape in near-term business trends, with positive revisions indicating analysts' confidence in the company's performance [3] - The Zacks Rank system, which incorporates estimate changes, provides actionable ratings based on these revisions [4] Valuation Metrics - Hyster-Yale's Forward P/E ratio is 9.67, indicating a discount compared to its industry's Forward P/E of 11.5 [6] - The Manufacturing - Construction and Mining industry, part of the Industrial Products sector, has a Zacks Industry Rank of 224, placing it in the bottom 11% of over 250 industries [6] Zacks Rank System - The Zacks Rank system ranges from 1 (Strong Buy) to 5 (Strong Sell), with 1 stocks historically returning an average of +25% annually since 1988 [5] - Currently, Hyster-Yale holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining stagnant over the past month [5]