Manitowoc Company Inc reports results for the quarter ended in January 1 - Earnings Summary

Manitowoc

31/10/2024 02:52

* Manitowoc Company Inc  MTW.N  reported a quarterly
adjusted loss
of 8 cents​​ per share for the quarter ended January 1, lower
than the same quarter last year, when the company reported EPS
of 22 cents.  The mean expectation of six analysts for the
quarter was for earnings of 6 cents per share. Wall Street
expected results to range from zero cents to 11 cents per share.
    * Revenue rose 0.7% to $524.80 million from a year ago;
analysts
expected $516.49 million. 
    * Manitowoc Company Inc's reported EPS for the quarter was a
loss
of 20 cents​.
    * The company reported a quarterly loss of $7 million.
    * Manitowoc Company Inc shares had risen by 1.9% this
quarter and
lost 41.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 72.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"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 12.50 
This summary was machine generated from LSEG data October 31 at
02:52 a.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
 Sep. 30 2024      0.06           -0.08          Missed
 Jun. 30 2024      0.49           0.25           Missed
 Mar. 31 2024      0.18           0.14           Missed
 Dec. 31 2023      0.23           0.09           Missed