Manitex International Inc reports results for the quarter ended in December - Earnings Summary

Manitex International

29/02/2024 14:32

* Manitex International Inc  MNTX.OQ  reported quarterly
adjusted
earnings of 31 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 10 cents.  The mean expectation of
two analysts for the quarter was for earnings of 14 cents per
share. 
    * Revenue fell 0.2% to $78.65 million from a year ago;
analysts
expected $75.00 million. 
    * Manitex International Inc's reported EPS for the quarter
was 26
cents​.
    * The company reported quarterly net income of $5.2 million.
    * Manitex International Inc shares had fallen by 24.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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." 
    * Wall Street's median 12-month price target for Manitex
International Inc is $9.50 

This summary was machine generated from LSEG data February 29 at
02:32 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
 Dec. 31 2023      0.14           0.31           Beat
 Sep. 30 2023      0.05           0.14           Beat
 Jun. 30 2023      0.06           0.08           Beat
 Mar. 31 2023      -0.01          0.07           Beat