The Manitowoc Company, Inc. (MTW) Reports Q3 Loss, Tops Revenue Estimates

Company Performance - The Manitowoc Company reported a quarterly loss of $0.08 per share, missing the Zacks Consensus Estimate of$ 0.10, and down from earnings of $0.22 per share a year ago, representing an earnings surprise of -180% [1] - The company posted revenues of$ 524.8 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.73%, and showing a slight increase from year-ago revenues of $520.9 million [2] - Over the last four quarters, the company has not surpassed consensus EPS estimates, and its shares have lost about 41.3% since the beginning of the year [2][3] Earnings Outlook - The current consensus EPS estimate for the coming quarter is$ 0.13 on revenues of $595.23 million, and for the current fiscal year, it is$ 0.62 on revenues of $2.17 billion [7] - The estimate revisions trend for The Manitowoc Company is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Manufacturing - Construction and Mining industry, to which The Manitowoc Company belongs, is currently in the bottom 13% of over 250 Zacks industries, which may impact the stock's performance [8]