Preview: Manitex International's Earnings
Portfolio Pulse from Benzinga Insights
Manitex International (NASDAQ:MNTX) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with an estimated EPS of $0.14. Historical data shows a positive correlation between earnings performance and stock price movement. Last quarter, MNTX beat the EPS estimate by $0.09, leading to a 4.36% stock price increase the following day. Over the last year, MNTX shares have risen by 27.18%, indicating a bullish sentiment among long-term shareholders.
February 28, 2024 | 8:01 pm
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Manitex International is expected to report an EPS of $0.14 in its upcoming earnings, with historical performance indicating a potential positive impact on its stock price.
Given Manitex International's history of beating EPS estimates and the subsequent positive stock price movements, it's reasonable to expect a similar outcome if the company meets or exceeds the current EPS estimate. Additionally, the stock's 27.18% increase over the past year suggests a strong bullish sentiment that could be further fueled by a positive earnings report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100