Hyster-Yale (HY) Outperforms Broader Market: What You Need to Know

Core Viewpoint - Hyster-Yale's stock performance has shown resilience, outperforming major indices, but upcoming earnings are expected to reflect significant declines in both earnings per share and revenue compared to the previous year [1][3][4]. Company Performance - Hyster-Yale's stock closed at $37.72, marking a +1.37% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.79% [1]. - Over the past month, Hyster-Yale shares have gained 3.05%, while the Industrial Products sector and the S&P 500 gained 2.29% and 1.27%, respectively [2]. Earnings Forecast - The upcoming earnings report is projected to show earnings of $0.03 per share, representing a year-over-year decline of 96.91%, with revenue expected to be $955.69 million, indicating a 5.95% decline compared to the same quarter last year [3]. - For the full year, analysts expect earnings of $0.75 per share and revenue of $3.77 billion, reflecting changes of -91.65% and -12.59% from the previous year [4]. Analyst Estimates - Recent changes to analyst estimates for Hyster-Yale are being monitored, as they often indicate shifts in near-term business trends, with positive revisions suggesting optimism about the business outlook [5]. - The Zacks Rank system, which incorporates estimate changes, currently ranks Hyster-Yale at 3 (Hold), with no changes in the consensus EPS estimate over the last 30 days [6][7]. Valuation Metrics - Hyster-Yale is currently trading at a Forward P/E ratio of 49.61, which is significantly higher than the industry average Forward P/E of 16.37 [8]. - The Manufacturing - Construction and Mining industry, part of the Industrial Products sector, has a Zacks Industry Rank of 201, placing it in the bottom 19% of over 250 industries [8][9].