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Hyster-Yale Materials Handling (HY) To Report Earnings Tomorrow: Here Is What To Expect

HY Cover Image

Lift truck and material handling solutions manufacturer Hyster-Yale Materials Handling (NYSE: HY) will be announcing earnings results this Tuesday after market hours. Here’s what to look for.

Hyster-Yale Materials Handling missed analysts’ revenue expectations by 3.9% last quarter, reporting revenues of $910.4 million, down 13.8% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EBITDA estimates and a miss of analysts’ 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 decline 19.8% year on year to $936.9 million, a reversal from the 7.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.60 per share.

Hyster-Yale Materials Handling Total Revenue

The majority of analysts covering the company have 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 missed Wall Street’s revenue estimates twice over the last two years.

Looking at Hyster-Yale Materials Handling’s peers in the professional tools and equipment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Lincoln Electric delivered year-on-year revenue growth of 6.6%, beating analysts’ expectations by 5.1%, and Snap-on reported flat revenue, topping estimates by 2.1%. Lincoln Electric traded up 7.8% following the results while Snap-on was also up 7.4%.

Read our full analysis of Lincoln Electric’s results here and Snap-on’s results here.

Investors in the professional tools and equipment segment have had steady hands going into earnings, with share prices flat over the last month. Hyster-Yale Materials Handling is down 3.5% during the same time and is heading into earnings with an average analyst price target of $56 (compared to the current share price of $40.23).

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