Hyster-Yale Rises as Upcoming Results Point to Lower Sales

Hyster-Yale closed at $31.87, up 2.91% from the previous session. The gain came as the S&P 500, Dow and Nasdaq all fell.

Over the past month, the stock has lost 8.83%, compared with a 0.11% decline for the Industrial Products sector and a 0.96% gain for the S&P 500.

Ahead of the company’s next earnings report, Zacks Consensus Estimates project a quarterly loss of -$0.4 per share. That would be a 344.44% decline from the same quarter last year. The revenue estimate is $926.45 million, down 5.38% year over year.

For the full fiscal year, Zacks estimates a loss of $2.91 per share and revenue of $3.49 billion. Those figures would be declines of 62.57% and 7.42%, respectively, from the prior year.

Zacks said its consensus estimate for earnings per share had not changed in the past 30 days.