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

Hyster-Yale

08/05/2024 24:11

* Hyster-Yale Materials Handling Inc  HY.N  reported
quarterly
adjusted earnings of $2.93​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of $1.55.  The mean expectation of two analysts for
the quarter was for earnings of $2.14 per share. Wall Street
expected results to range from $1.82  to $2.46 per share.
    * Revenue rose 5.7% to $1.06 billion from a year ago;
analysts
expected $1.03 billion. 
    * Hyster-Yale Materials Handling Inc's reported EPS for the
quarter was $2.93​.
    * The company reported quarterly net income of $51.5
million.
    * Hyster-Yale Materials Handling Inc shares had fallen
by 7.9%
this quarter and lost 5.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 23.7%
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
Materials Handling Inc is $82.50 
This summary was machine generated from LSEG data May 7 at 11:11
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
 Mar. 31 2024      2.14           2.93           Beat
 Dec. 31 2023      1.73           1.43           Missed
                                  2.06           
                                  2.21