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

Manitowoc

07/08/2023 23:30

* Manitowoc Company Inc  MTW.N  reported quarterly adjusted
earnings of 75 cents​​ per share for the quarter ended in June.
The mean expectation of eleven analysts for the quarter was
for earnings of 31 cents per share.
    * Revenue rose 21.2% to $602.80 million from a year ago;
analysts
expected $524.11 million. 
    * Manitowoc Company Inc's reported EPS for the quarter was
57
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Manitowoc Company Inc shares had fallen by 6.9% this
quarter and
gained 91.5% so far this year.
    * The company reported quarterly net income of $20.2
million.
    * Wall Street's median 12-month price target for Manitowoc
Company
Inc is $19.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 7 at 10:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.31           0.75           Beat
 Mar. 31 2023      0.15           0.46           Beat
 Dec. 31 2022      0.26           0.74           Beat
 Sep. 30 2022      0.09           0.10           Beat