The Manitowoc Company Sees FY23 EPS $1.10-$1.70 Vs $1.18 Est.; Revenue $2.1B-$2.2B Vs $2.1B Est.
Portfolio Pulse from Happy Mohamed
The Manitowoc Company has updated its full-year 2023 guidance. It expects net sales to be between $2.1 billion and $2.2 billion, adjusted EBITDA between $150 million and $180 million, and adjusted diluted earnings per share between $1.10 and $1.70. The company's EPS and revenue estimates are in line with market expectations.
August 07, 2023 | 8:16 pm
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NEUTRAL IMPACT
The Manitowoc Company's updated FY23 guidance aligns with market expectations, which may not significantly impact the stock price in the short term.
The Manitowoc Company's updated FY23 guidance is in line with market expectations. This suggests that the market has already priced in these estimates, which may not lead to significant changes in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100