Lift truck and material handling solutions manufacturer Hyster-Yale Materials Handling (NYSE:HY) will be reporting results tomorrow after market hours. Here’s what to look for.
Hyster-Yale Materials Handling missed analysts’ revenue expectations by 3.8% last quarter, reporting revenues of $1.02 billion, up 1.5% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EBITDA and EPS estimates.
Is Hyster-Yale Materials Handling a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Hyster-Yale Materials Handling’s revenue to be flat year on year at $1.02 billion, slowing from the 4.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.40 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hyster-Yale Materials Handling has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 5.4% on average.
Looking at Hyster-Yale Materials Handling’s peers in the professional tools and equipment segment, some have already reported their Q4 results, giving us a hint as to what we can expect. ESAB’s revenues decreased 2.7% year on year, missing analysts’ expectations by 0.8%, and Lincoln Electric reported a revenue decline of 3.4%, topping estimates by 2.5%. ESAB traded down 4.1% following the results while Lincoln Electric was up 10%.
Read our full analysis of ESAB’s results here and Lincoln Electric’s results here.
Stocks generally had a good 2024. The Fed fought high inflation and won without sending the economy into a recession, otherwise lovingly known as a soft landing. The US Central Bank is now cutting rates. That, plus the election of Donald Trump in November 2024, sent markets even higher, and while some of the professional tools and equipment stocks have shown solid performance, the group has generally underpeformed, with share prices down 5.8% on average over the last month. Hyster-Yale Materials Handling is down 4.1% during the same time and is heading into earnings with an average analyst price target of $72.50 (compared to the current share price of $52.03).
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