Hyster-Yale Inc reports results for the quarter ended in June - Earnings Summary

Hyster-Yale

06/08/2024 23:56

* Hyster-Yale Inc  HY.N  reported quarterly adjusted
earnings of
$3.58​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of $2.21. 
The mean expectation of two analysts for the quarter was
for earnings of $2.11 per share. Wall Street expected results to
range from $1.94  to $2.28 per share.
    * Revenue rose 7.1% to $1.17 billion from a year ago;
analysts
expected $1.08 billion. 
    * Hyster-Yale Inc's reported EPS for the quarter was $3.58​.
    * The company reported quarterly net income of $63.3
million.
    * Hyster-Yale Inc shares had fallen by 0.6% this quarter and
gained 11.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
machinery &
vehicles peer group is also "buy"

Wall Street's median 12-month price target for Hyster-Yale Inc
is $88.50 
This summary was machine generated from LSEG data August 6 at
10:56 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      2.11           3.58           Beat
 Mar. 31 2024      2.14           2.93           Beat
 Dec. 31 2023      1.73           1.43           Missed
                                  2.06