Hyster-Yale Materials Handling Inc reports results for the quarter ended in December - Earnings Summary

Hyster-Yale

28/02/2024 24:23

* Hyster-Yale Materials Handling Inc  HY.N  reported
quarterly
adjusted earnings of $1.43​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 44 cents.  The mean expectation of
two analysts for the quarter was for earnings of $1.73 per
share. Wall Street expected results to range from $1.46 
to $2.00 per share.
    * Revenue rose 4.3% to $1.03 billion from a year ago;
analysts
expected $1.02 billion. 
    * Hyster-Yale Materials Handling Inc's reported EPS for the
quarter was $1.43​.
    * The company reported quarterly net income of $25.2
million.
    * Hyster-Yale Materials Handling Inc shares had risen
by 12.1%
this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.5%
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
Materials Handling Inc is $82.50 
This summary was machine generated from LSEG data February 28 at
12:22 a.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
 Dec. 31 2023      1.73           1.43           Missed
 Mar. 31 2023      0.38           1.55           Beat