Manitowoc Company Inc reports results for the quarter ended December 31 - Earnings Summary

• Manitowoc Company Inc MTW.N reported quarterly adjusted earnings of 10 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of six analysts for the quarter was for earnings of 12 cents per share. Wall Street expected results to range from 6 cents to 16 cents per share.

• Revenue rose 0% to $596.00 million from a year ago; analysts expected $603.14 million.

• Manitowoc Company Inc's reported EPS for the quarter was $1.59​.

• The company reported quarterly net income of $56.7 million.

• Manitowoc Company Inc shares had risen by 9.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.7% 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 $11.50

This summary was machine generated from LSEG data February 12 at 10:01 p.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)