Manitowoc Expects FY24 Net Sales Of $2.275B-$2.375B (Est $2.203B), Adjusted EPS Of $0.95-$1.55 (Est $1.52)
Portfolio Pulse from Benzinga Newsdesk
Manitowoc forecasts FY24 net sales to range between $2.275B and $2.375B, surpassing the estimated $2.203B. The company also projects its adjusted EPS to be between $0.95 and $1.55, slightly below the estimated $1.52.
February 14, 2024 | 10:36 pm
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NEUTRAL IMPACT
Manitowoc projects higher than expected FY24 net sales but a slightly lower adjusted EPS range compared to estimates.
The positive outlook on net sales could boost investor confidence, potentially offsetting concerns over the slightly lower EPS projection. The mixed forecast suggests a neutral short-term impact on MTW's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100