Hyster-Yale Inc HY.N reported a quarterly adjusted loss of 14 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $3.58. The mean expectation of two analysts for the quarter was for earnings of 60 cents per share. Wall Street expected results to range from 26 cents to 93 cents per share.
Revenue fell 18.1% to $956.60 million from a year ago; analysts expected $936.90 million.
Hyster-Yale Inc's reported EPS for the quarter was a loss of 79 cents.
The company reported a quarterly loss of $13.9 million.
Hyster-Yale Inc shares had risen by 3.9% this quarter and lost 18.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 4.8% 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 1 "strong buy" or "buy," 1 "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 $56.00, about 24.6% above its last closing price of $42.20
This summary was machine generated from LSEG data August 5 at 10:39 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)