Manitowoc Co Q4 2023 Adj EPS $0.09 Misses $0.23 Estimate, Sales $595.80M Beat $583.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
Manitowoc Co (NYSE:MTW) reported Q4 2023 adjusted EPS of $0.09, missing the $0.23 estimate, but sales of $595.80M exceeded the $583.89M estimate, a 4.15% decrease from last year.
February 14, 2024 | 9:26 pm
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Manitowoc Co reported a Q4 2023 adjusted EPS of $0.09, missing estimates by 60.87%, but sales of $595.80M exceeded expectations, a 4.15% decrease from the previous year.
The missed EPS estimate by a significant margin (60.87%) is likely to negatively impact investor sentiment and stock price in the short term. However, the sales beat might provide some buffer. The overall negative earnings report, especially the earnings miss, typically leads to a negative short-term reaction in the stock market.
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IMPORTANCE 90
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