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The Manitowoc Company, Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

マニトウォック・カンパニー株式会社の収益はアナリストの予想を下回りました:こちらがアナリストたちが現在予測している内容です

Simply Wall St ·  11/01 06:56

Shareholders might have noticed that The Manitowoc Company, Inc. (NYSE:MTW) filed its quarterly result this time last week. The early response was not positive, with shares down 3.1% to US$9.34 in the past week. Things were not great overall, with a surprise (statutory) loss of US$0.20 per share on revenues of US$525m, even though the analysts had been expecting a profit. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

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NYSE:MTW Earnings and Revenue Growth November 1st 2024

After the latest results, the five analysts covering Manitowoc Company are now predicting revenues of US$2.23b in 2025. If met, this would reflect a reasonable 2.2% improvement in revenue compared to the last 12 months. Manitowoc Company is also expected to turn profitable, with statutory earnings of US$1.13 per share. In the lead-up to this report, the analysts had been modelling revenues of US$2.22b and earnings per share (EPS) of US$1.01 in 2025. There was no real change to the revenue estimates, but the analysts do seem more bullish on earnings, given the decent improvement in earnings per share expectations following these results.

There's been no major changes to the consensus price target of US$13.30, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Manitowoc Company, with the most bullish analyst valuing it at US$20.00 and the most bearish at US$9.00 per share. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's pretty clear that there is an expectation that Manitowoc Company's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 1.8% growth on an annualised basis. This is compared to a historical growth rate of 7.5% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 3.0% annually. Factoring in the forecast slowdown in growth, it seems obvious that Manitowoc Company is also expected to grow slower than other industry participants.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Manitowoc Company following these results. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at US$13.30, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Manitowoc Company going out to 2026, and you can see them free on our platform here..

Before you take the next step you should know about the 1 warning sign for Manitowoc Company that we have uncovered.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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