Market Overview

Earnings Outlook for Manitowoc Co

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Manitowoc Co (NYSE: MTW) releases its next round of earnings this Wednesday, November 04. Get the latest predictions in Benzinga's essential guide to the company's Q3 earnings report.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Wall Street expects an EPS loss of $0.29 and sales around $315.90 million. In the same quarter last year, Manitowoc Co announced EPS of $0.54 on revenue of $448.00 million.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to match the consensus estimate, earnings would be down 153.7%. Revenue would be down 29.49% on a year-over-year basis. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate -0.58 -0.03 0.30 0.34
EPS Actual -0.47 -0.18 0.35 0.54
Revenue Estimate 279.79 M 358.10 M 493.27 M 455.80 M
Revenue Actual 328.30 M 329.20 M 463.40 M 448.00 M

Stock Performance

Shares of Manitowoc Co were trading at $7.85 as of November 02. Over the last 52-week period, shares are down 39.9%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Manitowoc Co is scheduled to hold the call at 10:00:00 ET and can be accessed here.

 

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Posted-In: Earnings