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

Manitex International

02/11/2023 13:32

* Manitex International Inc  MNTX.OQ  reported quarterly
adjusted
earnings of 14 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 5 cents.  The mean expectation of
two analysts for the quarter was for earnings of 5 cents per
share. 
    * Revenue rose 9.7% to $71.33 million from a year ago;
analysts
expected $67.48 million. 
    * Manitex International Inc's reported EPS for the quarter
was 8
cents​.
    * The company reported quarterly net income of $1.7 million.
    * Manitex International Inc shares had fallen by 12.4% this
quarter and gained 2.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 600%
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 $9.00 

This summary was machine generated from LSEG data November 2 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.05           0.14           Beat
 Jun. 30 2023      0.06           0.08           Beat
 Mar. 31 2023      -0.01          0.07           Beat
 Dec. 31 2022      0.07           0.10           Beat