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Hyster-Yale Materials Handling (HY) Reports Q2: Everything You Need To Know Ahead Of Earnings

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

Hyster-Yale Materials Handling missed analysts’ revenue expectations last quarter, reporting revenues of $795.2 million, down 12.7% year on year. It was a slower quarter for the company, with a beat of analysts’ EPS estimates.

Is Hyster-Yale Materials Handling a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Hyster-Yale Materials Handling’s revenue to decline 15.9% year on year, improving from the 18.1% decrease it recorded in the same quarter last year.

Hyster-Yale Materials Handling Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Hyster-Yale Materials Handling has missed Wall Street’s revenue estimates multiple times 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. Stanley Black & Decker posted flat year-on-year revenue, meeting analysts’ expectations, and Fortive reported revenues up 7.9%, topping estimates by 2.5%. Stanley Black & Decker traded up 1.4% following the results while Fortive was down 8.8%.

Read our full analysis of Stanley Black & Decker’s results here and Fortive’s results here.

Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). While some of the professional tools and equipment stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5% on average over the last month. Hyster-Yale Materials Handling’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $46 (compared to the current share price of $32.83).

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