Here's Why Hyster-Yale (HY) Gained But Lagged the Market Today

Company Performance - Hyster-Yale's stock closed at $37.69, reflecting a +0.69% change from the previous day, which underperformed compared to the S&P 500's gain of 1.81% [1] - Over the past month, Hyster-Yale shares have decreased by 13.97%, which is worse than the Industrial Products sector's decline of 11.25% and the S&P 500's decline of 6.14% [1] Upcoming Financial Results - The company is expected to report an EPS of$ 0.47, indicating an 83.96% decline compared to the same quarter last year [2] - Revenue is forecasted to be $947.8 million, representing a 10.29% decline from the corresponding quarter of the previous year [2] Full Year Projections - For the full year, earnings are projected at$ 2.05 per share, showing a decrease of 77.17% from the previous year [3] - Revenue for the full year is estimated at $3.91 billion, reflecting a decline of 9.19% compared to the prior year [3] Analyst Forecast Revisions - Recent revisions to analyst forecasts for Hyster-Yale are important as they indicate changing business trends [4] - Upward revisions in estimates suggest analysts' positive outlook on the company's operations and profit generation capabilities [4] Zacks Rank and Valuation - Hyster-Yale currently holds a Zacks Rank of 5 (Strong Sell), with no changes in the Zacks Consensus EPS estimate over the past month [6] - The company is trading at a Forward P/E ratio of 18.3, which is a premium compared to the industry average Forward P/E of 14.69 [7] Industry Context - Hyster-Yale is part of the Manufacturing - Construction and Mining industry, which is ranked 32 in the Zacks Industry Rank, placing it in the top 13% of over 250 industries [7] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, indicating that higher-ranked industries tend to outperform lower-ranked ones [8]