The Manitowoc Company, Inc. (MTW) Reports Q1 Loss, Lags Revenue Estimates

Financial Performance - The Manitowoc Company reported a quarterly loss of $0.16 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.10, and compared to earnings of $0.14 per share a year ago, indicating a significant earnings surprise of -60% [1] - The company posted revenues of $470.9 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.90%, and down from $495.1 million in the same quarter last year [2] Stock Performance - Shares of The Manitowoc Company have declined approximately 7.5% since the beginning of the year, while the S&P 500 has seen a decline of -3.9% [3] - The current Zacks Rank for the stock is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.20 on revenues of $570 million, and for the current fiscal year, it is $0.50 on revenues of $2.23 billion [7] - The trend of estimate revisions for The Manitowoc Company is mixed, which could change following the recent earnings report [6] Industry Context - The Manufacturing - Construction and Mining industry, to which The Manitowoc Company belongs, is currently ranked in the top 8% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]