Hyster-Yale stock rose +0.4%, but lagged behind S&P 500, with positive earnings and growth outlook.

From Nasdaq: 2024-07-12 18:15:20

In the latest trading session, Hyster-Yale ended at $68.59, with a +0.4% adjustment. The stock lagged behind the S&P 500, which saw a daily gain of 0.55%. Prior to today’s trading, Hyster-Yale had lost 6.76% over the past month.
For the upcoming earnings release, Hyster-Yale is expected to report an EPS of $2.28, a 3.17% rise from the previous year. The Zacks Consensus Estimate for revenue is $1.08 billion, down 0.93% from the year-ago period. Full-year projections estimate earnings of $8.30 per share and revenue of $4.26 billion, representing changes of +14.64% and +3.42%.
Analyst revisions to estimates can indicate business trends. Hyster-Yale holds a Zacks Rank of #3 (Hold). The company’s Forward P/E ratio is 8.24, compared to an industry average of 9.92. Additionally, the Manufacturing – Construction and Mining industry ranks in the top 19% of all industries.
Analysts may be underestimating Hyster-Yale, with potential for a +10-20% jump following earnings. For more information, visit Zacks.com.



Read more at Nasdaq: Hyster-Yale (HY) Rises Yet Lags Behind Market: Some Facts Worth Knowing