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Manitowoc Earnings: What To Look For From MTW

MTW Cover Image

Crane and lifting equipment company Manitowoc (NYSE: MTW) will be announcing earnings results tomorrow after market close. Here’s what investors should know.

Manitowoc met analysts’ revenue expectations last quarter, reporting revenues of $524.8 million, flat year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ adjusted operating income estimates.

Is Manitowoc a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Manitowoc’s revenue to be flat year on year at $598.3 million, improving from the 4.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.12 per share.

Manitowoc Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Manitowoc has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Manitowoc’s peers in the heavy machinery segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Terex delivered year-on-year revenue growth of 1.5%, beating analysts’ expectations by 0.8%, and Caterpillar reported a revenue decline of 5%, falling short of estimates by 2%. Terex traded down 6.9% following the results while Caterpillar was also down 5.6%.

Read our full analysis of Terex’s results here and Caterpillar’s results here.

There has been positive sentiment among investors in the heavy machinery segment, with share prices up 2.3% on average over the last month. Manitowoc is up 14.1% during the same time and is heading into earnings with an average analyst price target of $12.45 (compared to the current share price of $10.09).

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.

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