Here's Why Hyster-Yale (HY) Fell More Than Broader Market
Hyster-Yale (HY) closed the most recent trading day at $32.15, moving 6.35% from the previous trading session.
In the latest close session, Hyster-Yale (HY) was down 6.35% at $32.15. This move lagged the S&P 500's daily loss of 1.52%. Meanwhile, the Dow lost 2.19%, and the Nasdaq, a tech-heavy index, lost 1.74%.
Shares of the maker of lift trucks and aftermarket parts have depreciated by 2.08% over the course of the past month, outperforming the Industrial Products sector's loss of 3.67%, and lagging the S&P 500's gain of 1.92%.
The investment community will be paying close attention to the earnings performance of Hyster-Yale in its upcoming release. The company is slated to reveal its earnings on August 4, 2026. The company's upcoming EPS is projected at -$2.05, signifying a 1,364.29% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $804.62 million, down 15.89% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$2.75 per share and a revenue of $3.53 billion, demonstrating changes of -53.63% and -6.32%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Hyster-Yale. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Hyster-Yale currently has a Zacks Rank of #3 (Hold).
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 96, this industry ranks in the top 40% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Hyster-Yale, Inc. (HY): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).