Manitowoc earnings beat by $0.11, revenue topped estimates

Manitowoc, a company listed on the NYSE under the ticker MTW, reported a stronger-than-expected financial performance for the third quarter, surpassing analyst estimates in both earnings per share (EPS) and revenue.

The company disclosed an EPS of $0.31, which exceeded the anticipated $0.20, marking a $0.11 increase over the average forecast. Sales for the quarter totaled $676.4 million, significantly surpassing the expected $577.1 million.

Looking ahead, Manitowoc has forecasted EPS for the fiscal year 2026 to fall between $0.90 and $1.25, slightly higher than the consensus estimate of $0.92. Additionally, the company anticipates its revenue for the same period to range between $2.30 billion and $2.40 billion, also outpacing the analyst consensus of $2.32 billion.

The company's stock price concluded at $23.81, reflecting a substantial rise of 26.58% over the past three months and an impressive 137.62% increase over the last 12 months. Manitowoc has experienced a total of two revisions to its EPS estimates in the past 90 days, with one revision being positive and the other negative.

InvestingPro has rated Manitowoc's financial health as "good performance." For those interested in Manitowoc's recent earnings performance and financials, detailed information is available on the Investing.com platform. To stay informed about upcoming earnings reports, investors are encouraged to explore Investing.com's dedicated earnings calendar.