Manitowoc Company Inc reports results for the quarter ended in December - Earnings Summary

Manitowoc

14/02/2024 23:43

* Manitowoc Company Inc  MTW.N  reported quarterly adjusted
earnings of 9 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 74 cents.  The mean expectation of
ten analysts for the quarter was for earnings of 23 cents per
share. Wall Street expected results to range from 14 cents to 36
cents per share.
    * Revenue fell 4.2% to $595.80 million from a year ago;
analysts
expected $583.89 million. 
    * Manitowoc Company Inc's reported EPS for the quarter was a
loss
of 23 cents​.
    * The company reported a quarterly loss of $7.9 million.
    * Manitowoc Company Inc shares had fallen by 5.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.5%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
machinery &
vehicles peer group is also "hold"

Wall Street's median 12-month price target for Manitowoc Company
Inc is $17.00 
This summary was machine generated from LSEG data February 14 at
11:42 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      0.23           0.09           Missed
 Sep. 30 2023      0.06           0.22           Beat
 Jun. 30 2023      0.31           0.75           Beat
 Mar. 31 2023      0.15           0.46           Beat