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

Manitowoc

02/11/2023 05:58

* Manitowoc Company Inc  MTW.N  reported quarterly adjusted
earnings of 22 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 10 cents.  The mean expectation of
ten analysts for the quarter was for earnings of 6 cents per
share. Wall Street expected results to range from -5 cents to 20
cents per share.
    * Revenue rose 14.6% to $520.90 million from a year ago;
analysts
expected $477.18 million. 
    * Manitowoc Company Inc's reported EPS for the quarter was
29
cents​.
    * The company reported quarterly net income of $10.4
million.
    * Manitowoc Company Inc shares had fallen by 15.3% this
quarter and gained 39.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.2%
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 November 2 at
05:58 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.26           0.74           Beat