Hyster-Yale Materials Handling (NYSE:HY) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Hyster-Yale Materials Handling Earnings Cheat Sheet
Revenue: Was the same at $659.6 million as the year-earlier quarter.
Actual vs. Wall St. Expectations: Hyster-Yale Materials Handling reported adjusted EPS income of $2.16 per share. By that measure, the company beat the mean analyst estimate of $1.18. It beat the average revenue estimate of $619.5 million.
Key Stats (on next page)…
EPS increased 46.94% from $1.47 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.22 to a profit $1.16. For the current year, the average estimate has moved up from a profit of $4.50 to a profit of $5.25 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)