Hyster-Yale (HY) recently posted a daily stock gain of 2.91%, exceeding the S&P 500, yet its monthly performance has lagged both the broader market and the Industrial Products sector. The company faces a challenging near-term outlook, with analysts forecasting a 96.91% year-over-year decline in upcoming quarterly EPS to $0.03 and a 5.95% revenue decrease to $955.69 million, alongside significant full-year projected declines. Despite these weak financial projections and a Zacks Rank of #3 (Hold), HY trades at a forward P/E of 46.71, a substantial premium to its industry average of 20.26, within a Manufacturing - Construction and Mining sector ranked in the bottom 28%.
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ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. If you wish to go to ZacksTrade, click OK. If you do not, click Cancel. Hyster-Yale (HY) Laps the Stock Market: Here's Why Read MoreHide Full Article Hyster-Yale (HY - Free Report) ended the recent trading session at $36.05, demonstrating a +2.91% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.58%. The stock of maker of lift trucks and aftermarket parts has fallen by 2.83% in the past month, lagging the Industrial Products sector's gain of 0.74% and the S&P 500's gain of 3.68%. Investors will be eagerly watching for the performance of Hyster-Yale in its upcoming earnings disclosure. The company is expected to report EPS of $0.03, down 96.91% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $955.69 million, indicating a 5.95% decrease compared to the same quarter of the previous year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.75 per share and a revenue of $3.77 billion, representing changes of -91.65% and -12.59%, respectively, from the prior year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Hyster-Yale. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, ranging from 1 (Strong Buy) to 5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with 1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Hyster-Yale presently features a Zacks Rank of 3 (Hold). In the context of valuation, Hyster-Yale is at present trading with a Forward P/E ratio of 46.71. This expresses a premium compared to the average Forward P/E of 20.26 of its industry. The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 180, positioning it in the bottom 28% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. See More Zacks Research for These Tickers Normally $25 each - click below to receive one report FREE: Image: Bigstock Hyster-Yale (HY) Laps the Stock Market: Here's Why Hyster-Yale (HY - Free Report) ended the recent trading session at $36.05, demonstrating a +2.91% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.58%. The stock of maker of lift trucks and aftermarket parts has fallen by 2.83% in the past month, lagging the Industrial Products sector's gain of 0.74% and the S&P 500's gain of 3.68%. Investors will be eagerly watching for the performance of Hyster-Yale in its upcoming earnings disclosure. The company is expected to report EPS of $0.03, down 96.91% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $955.69 million, indicating a 5.95% decrease compared to the same quarter of the previous year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.75 per share and a revenue of $3.77 billion, representing changes of -91.65% and -12.59%, respectively, from the prior year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Hyster-Yale. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, ranging from 1 (Strong Buy) to 5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with 1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Hyster-Yale presently features a Zacks Rank of 3 (Hold). In the context of valuation, Hyster-Yale is at present trading with a Forward P/E ratio of 46.71. This expresses a premium compared to the average Forward P/E of 20.26 of its industry. The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 180, positioning it in the bottom 28% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Hyster-Yale (HY) recently posted a 2.91% daily gain, outperforming the S&P 500's 0.58% increase. However, this short-term uptick contrasts sharply with its monthly performance, which saw a 2.83% decline, significantly lagging both the Industrial Products sector (+0.74%) and the broader S&P 500 (+3.68%). The upcoming earnings disclosure is critical, with consensus estimates projecting a severe 96.91% year-over-year decrease in quarterly EPS to $0.03 and a 5.95% revenue decline to $955.69 million. The fiscal year outlook remains similarly challenging, with projections indicating a 91.65% reduction in EPS to $0.75 and a 12.59% decrease in revenue to $3.77 billion. Despite these substantial headwinds and stagnant Zacks Consensus EPS estimates over the past month, HY trades at a Forward P/E of 46.71, representing a significant premium over its industry average of 20.26. The stock currently holds a Zacks Rank of 3 (Hold). Further compounding concerns, Hyster-Yale operates within the Manufacturing - Construction and Mining industry, which holds a Zacks Industry Rank of 180, placing it in the bottom 28% of all industries. This weak industry positioning, coupled with the company's deteriorating fundamentals and premium valuation, underpins a strongly negative sentiment score of -0.75 and a bearish tone for the stock.
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strongly negative
Sentiment Score
-0.75
Ticker Sentiment
