Market Overview

Manitowoc Earnings Preview

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Manitowoc (NYSE: MTW) unveils its next round of earnings Thursday. Get prepared with Benzinga's ultimate preview for Manitowoc's Q4 earnings.

Earnings and Revenue

Wall Street analysts see Manitowoc reporting a quarterly loss of 5 cents per share on sales of $422.7 million.

Manitowoc reported a per-share loss of 23 cents per sharewhen it published results during the same quarter last year. Sales in that period totaled $378.2 million. If the company were to report inline when it publishes results Thursday, revenue would be up 11.78 percent on a year-over-year basis. Here's how the Manitowoc's reported EPS has stacked up against analyst estimates in the past:

 

Quarter Q3 2017 Q2 2017 Q1 2017
EPS Estimate -0.02 -0.04 -0.16
EPS Actual 0.09 0.05 -0.17

 

Q4 EPS Estimate: -5 cents per share
Q4 Revenues Estimate: $422 million

Stock Performance

Shares of Manitowoc were trading around $36. Over the last 52-week period, shares are up 38.48 percent. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release.

Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Manitowoc. The strength of this rating has maintained conviction over the past three months.

Posted-In: Earnings News Previews Trading Ideas

 

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