Hyster-Yale (HY) Registers a Bigger Fall Than the Market: Important Facts to Note

Core Insights - Hyster-Yale's stock closed at $36.09, reflecting a -1.5% change from the previous day, underperforming compared to the S&P 500, Dow, and Nasdaq indices [1] - The company has experienced a 1.87% decline in stock price over the past month, while the Industrial Products sector and S&P 500 saw gains of 1.64% and 1.13%, respectively [1] Earnings Projections - Upcoming earnings per share (EPS) for Hyster-Yale is projected at $0.03, indicating a significant 96.91% decrease compared to the same quarter last year [2] - Revenue is anticipated to be $955.69 million, representing a 5.95% decline from the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $0.75 per share, reflecting a -91.65% change from the prior year, while revenue is expected to be $3.77 billion, down -12.59% from the previous year [3] - Recent changes to analyst estimates are crucial as they indicate the evolving business outlook [3] Analyst Ratings and Valuation - The Zacks Rank system, which assesses estimate changes, currently rates Hyster-Yale at 3 (Hold), with the consensus EPS estimate remaining unchanged over the past month [5] - Hyster-Yale's Forward P/E ratio stands at 48.85, significantly higher than the industry average of 16.3, indicating a premium valuation [6] Industry Context - Hyster-Yale operates within the Manufacturing - Construction and Mining industry, which is part of the Industrial Products sector, currently ranked 201 out of over 250 industries, placing it in the bottom 19% [6][7] - The Zacks Industry Rank suggests that higher-rated industries tend to outperform lower-rated ones by a factor of 2 to 1 [7]