Company Performance - Hyster-Yale's stock closed at $42.27, reflecting a 2.2% increase from the previous trading session, outperforming the S&P 500's gain of 0.48% [1] - The stock has seen a slight increase of 0.07% over the past month, which is below the Industrial Products sector's gain of 6.87% and the S&P 500's gain of 5.13% [1] Earnings Projections - The upcoming EPS for Hyster-Yale is projected at $0.07, indicating a significant drop of 98.04% compared to the same quarter last year [2] - The Zacks Consensus Estimate for revenue is expected to be $936.9 million, down 19.79% from the previous year [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates forecast earnings of $1.36 per share and revenue of $3.69 billion, representing declines of 84.86% and 14.29% respectively compared to the previous year [3] - Recent adjustments to analyst estimates are crucial as they reflect changing business trends, with positive revisions indicating analyst optimism [3] Valuation Metrics - Hyster-Yale has a Forward P/E ratio of 30.41, which is a premium compared to the industry average Forward P/E of 16.43 [6] - The Manufacturing - Construction and Mining industry, part of the Industrial Products sector, currently holds a Zacks Industry Rank of 208, placing it in the bottom 16% of over 250 industries [6] Zacks Rank System - Hyster-Yale currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [5] - The Zacks Rank system has a strong track record, with stocks rated 1 producing an average annual return of +25% since 1988 [5]
Hyster-Yale (HY) Laps the Stock Market: Here's Why