Company Performance - Hyster-Yale's stock closed at $36.65, reflecting a +1.41% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.4% [1] - The company has seen a 0.64% increase in shares over the past month, while the Industrial Products sector and the S&P 500 both gained 1.02% during the same period [1] Earnings Expectations - The upcoming earnings report is expected to show an EPS of $0.03, representing a significant decline of 96.91% compared to the same quarter last year [2] - Revenue is anticipated to be $955.69 million, down 5.95% from the prior-year quarter [2] Full Year Projections - For the full year, earnings are projected at $0.75 per share, indicating a decrease of 91.65% from the previous year [3] - Revenue for the year is estimated at $3.77 billion, reflecting a decline of 12.59% compared to the prior year [3] Analyst Estimates - Recent changes to analyst estimates for Hyster-Yale are being monitored closely, as upward revisions indicate positive sentiment regarding the company's business operations [4] - The Zacks Rank system, which assesses these estimate changes, currently ranks Hyster-Yale at 3 (Hold) [6] Valuation Metrics - Hyster-Yale's Forward P/E ratio stands at 48.19, which is significantly higher than the industry average Forward P/E of 20.3 [7] - The Manufacturing - Construction and Mining industry, part of the Industrial Products sector, holds a Zacks Industry Rank of 201, placing it in the bottom 19% of over 250 industries [7]
Why Hyster-Yale (HY) Outpaced the Stock Market Today