A Preview Of Manitowoc Co's Earnings
Portfolio Pulse from Benzinga Insights
Manitowoc Co (NYSE:MTW) is expected to report an EPS of $0.23 in its upcoming quarterly earnings on February 14, 2024. Historically, the company has surpassed EPS estimates, leading to significant stock price movements. Last quarter, MTW beat the EPS estimate by $0.16, resulting in a 6.35% share price increase the following day. Over the last year, MTW shares have risen by 13.41%, with the stock trading at $17.44 as of February 12.
February 13, 2024 | 6:02 pm
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Manitowoc Co is anticipated to report an EPS of $0.23 for the upcoming quarter. Historical performance shows significant stock price movements post-earnings announcements, with a 13.41% increase in share price over the last year.
Given Manitowoc Co's history of surpassing EPS estimates and the subsequent positive stock price reactions, it's likely that a similar outcome could occur if the company beats the EPS estimate again. The historical data provided shows a clear pattern of stock price increases following earnings beats, suggesting a high relevance and importance of the upcoming earnings report to MTW's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100