Company Performance - Hyster-Yale (HY) closed at $33.45, marking a +1.7% move from the prior day, outperforming the S&P 500's daily loss of 0.43% [1] - The company's shares have increased by 10.7% over the last month, surpassing the Industrial Products sector's gain of 8.66% and the S&P 500's gain of 0.89% [1] Earnings Projections - The upcoming earnings report projects an earnings per share (EPS) of -$1.2, reflecting a 181.63% decrease from the same quarter last year [2] - The Zacks Consensus Estimate for revenue is projecting net sales of $916.43 million, down 14.15% from the year-ago period [2] Full-Year Estimates - Full-year Zacks Consensus Estimates call for earnings of -$0.93 per share and revenue of $3.76 billion, representing year-over-year changes of -110.36% and 0%, respectively [3] - Recent changes to analyst estimates for Hyster-Yale indicate confidence in the business performance and profit potential [3] Industry Ranking - The Manufacturing - Construction and Mining industry, part of the Industrial Products sector, carries a Zacks Industry Rank of 97, placing it within the top 40% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]

Core Viewpoint - Caterpillar reported quarterly earnings of $5.16 per share, exceeding the Zacks Consensus Estimate of $4.67 per share, and showing a slight increase from $5.14 per share a year ago, indicating a positive earnings surprise of +10.41% [1] Financial Performance - The company achieved revenues of $19.13 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 6.60%, compared to $16.22 billion in the same quarter last year [2] - Over the last four quarters, Caterpillar has exceeded consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Caterpillar shares have increased approximately 12.3% since the beginning of the year, significantly outperforming the S&P 500's gain of 1.9% [3] Future Outlook - The company's earnings outlook will be crucial for determining future stock performance, with current consensus EPS estimates at $4.32 for the coming quarter and $22.52 for the current fiscal year [7] - The Zacks Rank for Caterpillar is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Manufacturing - Construction and Mining industry, to which Caterpillar belongs, is currently ranked in the top 40% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8]

Company Performance - Hyster-Yale (HY) closed at $33.54, reflecting a -2.39% change from the previous day, which is less than the S&P 500's daily gain of 0.03% [1] - Over the past month, Hyster-Yale's shares have appreciated by 11.02%, outperforming the Industrial Products sector's gain of 7.83% and the S&P 500's gain of 0.6% [1] Earnings Forecast - Hyster-Yale is projected to report earnings of -$1.2 per share, indicating a year-over-year decline of 181.63% [2] - The consensus estimate for quarterly revenue is $916.43 million, down 14.15% from the same period last year [2] - For the full year, analysts expect earnings of -$0.93 per share and revenue of $3.76 billion, marking changes of -110.36% and 0% respectively from last year [3] Analyst Estimates and Rankings - Recent changes to analyst estimates for Hyster-Yale are significant as they reflect the evolving business trends [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Hyster-Yale at 3 (Hold) [6] - The consensus EPS projection for Hyster-Yale has remained stagnant over the past 30 days [6] Industry Context - Hyster-Yale operates within the Manufacturing - Construction and Mining industry, which is part of the Industrial Products sector [7] - This industry has a Zacks Industry Rank of 97, placing it in the top 40% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Industry Overview - The Zacks Manufacturing - Construction and Mining industry is currently facing challenges due to a prolonged contraction in the manufacturing sector and subdued customer spending attributed to tariffs [1][4]. - The industry includes companies that manufacture and sell construction, mining, and utility equipment, supporting various sectors such as oil and gas, power generation, and infrastructure projects [3]. Current Trends - Despite ongoing weaknesses, increased infrastructure investment in the U.S. and demand from the mining sector, driven by the energy transition trend, are expected to support the industry [2][5]. - The manufacturing index has been in contraction for 10 months, with a reading of 47.9% in December, indicating a significant decline in manufacturing activity [4]. - The energy transition trend is anticipated to boost demand for mining equipment as the shift from fossil fuels to zero emissions requires more commodities [5]. Financial Performance - The Manufacturing - Construction and Mining industry has outperformed the broader market, growing 63.3% over the past year compared to the sector's 8.3% return and the S&P 500's 19.2% increase [10]. - The industry is currently trading at a trailing 12-month EV/EBITDA ratio of 17.37X, which is lower than the S&P 500's 18.87X and the Industrial Products sector's 25.7X [13]. Company Highlights - **Caterpillar Inc. (CAT)**: The company reported year-over-year revenue growth in Q3 2025, with a record-high backlog of $39.9 billion. It is expected to benefit from increased infrastructure spending and the global energy transition [17][18]. CAT shares have gained 23.8% in the past three months [17]. - **Terex Corporation (TEX)**: Recently sold its Terex Tower and Rough Terrain Cranes businesses to reduce cyclicality and drive core growth. The company is merging with REV Group, expected to create a leading specialty equipment manufacturer with $7.8 billion in combined net sales [21][23]. TEX shares have gained 16% in the past three months [23]. - **Astec Industries (ASTE)**: Completed the acquisition of CWMF, enhancing its gross margin and earnings per share. The company is focusing on cost reductions and pricing actions to offset tariff impacts [25][26]. ASTE shares have gained 7.6% in the past three months [25].

Core Insights - Caterpillar Inc. (CAT) shares have increased by 57.9% over the past year, outperforming the manufacturing-construction and mining industry's growth of 55.9% [1] - The company has also surpassed peers such as Komatsu (KMTUY) and Terex Corp. (TEX) in stock performance [2] Financial Performance - In Q3 2025, Caterpillar reported revenues of $17.6 billion, a 9.5% increase, ending a streak of six consecutive quarters of revenue declines [6][10] - The backlog rose by $2.4 billion to a record $39.9 billion, enhancing revenue visibility [11] - Earnings per share fell by 4% to $4.95 due to rising costs, but the decline has slowed significantly compared to earlier quarters [12] Market Position and Valuation - Caterpillar is trading at a forward P/E ratio of 30.96, higher than the industry average of 28.51 [16] - The company's return on equity (ROE) stands at 47.16%, exceeding the industry average of 46.52% and the S&P 500's 32.48% [17] Growth Prospects - Long-term growth is supported by increased infrastructure spending under the U.S. Infrastructure Investment and Jobs Act and the global energy transition [20] - Caterpillar is experiencing strong demand for reciprocating engines for data centers, planning to double output through capital investment [21] - The company has entered a collaboration to develop advanced energy optimization solutions for data centers, which will enhance its high-margin aftermarket parts and services revenue [22] Future Earnings Outlook - Earnings estimates for 2025 indicate a decline of 15.57%, but a rebound of 18.95% is expected in 2026 [14] - The Zacks Rank 2 (Buy) reinforces a positive outlook for Caterpillar, supported by its return to revenue growth and strong long-term growth drivers [24]

Group 1 - Assa Abloy AB (ASAZY) is outperforming the Industrial Products sector with a year-to-date return of approximately 31.7%, compared to the sector average of 8% [4] - The Zacks Consensus Estimate for ASAZY's full-year earnings has increased by 5.6% in the past quarter, indicating improving analyst sentiment [4] - Assa Abloy AB holds a Zacks Rank of 2 (Buy), suggesting a favorable outlook for the stock [3] Group 2 - Assa Abloy AB is part of the Security and Safety Services industry, which has gained an average of 17.8% this year, indicating strong performance relative to its industry peers [6] - Caterpillar (CAT), another stock in the Industrial Products sector, has seen a year-to-date increase of 62.6% and also holds a Zacks Rank of 2 (Buy) [5] - The Manufacturing - Construction and Mining industry, to which Caterpillar belongs, has experienced a significant increase of 60.5% this year, but is ranked lower at 174 in the Zacks Industry Rank [6]

Core Insights - Hyster-Yale reported a quarterly loss of $0.09 per share, missing the Zacks Consensus Estimate of $0.03, and a significant decline from earnings of $0.97 per share a year ago, indicating an earnings surprise of -400.00% [1] - The company generated revenues of $979.1 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.45%, but down from $1.02 billion year-over-year [2] - Hyster-Yale shares have decreased approximately 30% year-to-date, contrasting with the S&P 500's gain of 16.5% [3] Earnings Outlook - The future performance of Hyster-Yale's stock will largely depend on management's commentary during the earnings call and the revisions of earnings estimates [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.36 on revenues of $942.85 million, and for the current fiscal year, it is $0.75 on revenues of $3.77 billion [7] Industry Context - The Manufacturing - Construction and Mining industry, to which Hyster-Yale belongs, is currently ranked in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked using tools like the Zacks Rank [5][6]

Core Insights - Terex (TEX) reported quarterly earnings of $1.5 per share, exceeding the Zacks Consensus Estimate of $1.22 per share, and showing an increase from $1.46 per share a year ago, resulting in an earnings surprise of +22.95% [1] - The company posted revenues of $1.39 billion for the quarter ended September 2025, which was below the Zacks Consensus Estimate by 0.88%, but an increase from $1.21 billion year-over-year [2] - Terex shares have increased approximately 21.1% year-to-date, outperforming the S&P 500's gain of 17.2% [3] Earnings Outlook - The future performance of Terex's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4][5] - The current consensus EPS estimate for the upcoming quarter is $1.30 on revenues of $1.34 billion, and for the current fiscal year, it is $4.84 on revenues of $5.46 billion [7] Industry Context - The Manufacturing - Construction and Mining industry, to which Terex belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Hyster-Yale (HY), a competitor in the same industry, is expected to report a significant decline in earnings, with a forecast of $0.03 per share, representing a year-over-year change of -96.9% [9]

Core Insights - Caterpillar (CAT) reported quarterly earnings of $4.95 per share, exceeding the Zacks Consensus Estimate of $4.52 per share, but down from $5.17 per share a year ago, representing an earnings surprise of +9.51% [1] - The company achieved revenues of $17.64 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 5.33% and up from $16.11 billion year-over-year [2] - Caterpillar shares have increased by approximately 44.6% since the beginning of the year, significantly outperforming the S&P 500's gain of 17.2% [3] Earnings Outlook - The future performance of Caterpillar's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - The current consensus EPS estimate for the upcoming quarter is $4.34 on revenues of $17.34 billion, and for the current fiscal year, it is $17.83 on revenues of $64.88 billion [7] Industry Context - The Manufacturing - Construction and Mining industry, to which Caterpillar belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

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].