Hyster-Yale (HY) closed at $66.63, down 1.6% from the previous session. The stock has risen by 9.56% in the past month, outperforming the Industrial Products sector and S&P 500. Analysts expect earnings of $1.97 per share and revenue of $1.06 billion for Hyster-Yale in the upcoming report.

For the fiscal year, Zacks projects earnings of $9.69 per share and revenue of $4.37 billion for Hyster-Yale, showing positive growth. Recent analyst estimate changes indicate shifting business trends, with a Zacks Rank of #2 (Buy) for Hyster-Yale.

Zacks has identified a top semiconductor stock with strong growth potential, poised to benefit from the demand for AI, ML, and IoT. Global semiconductor manufacturing is projected to grow from $452 billion in 2021 to $803 billion by 2028. This stock offers significant room for growth in the industry.

Investors can access the free report on the top semiconductor stock recommended by Zacks, offering insights into potential gains. With a focus on the expanding semiconductor industry and the company’s growth prospects, this stock is positioned for significant future growth.

Read more at Nasdaq: Here’s Why Hyster-Yale (HY) Fell More Than Broader Market