Manitex International Q4 Adj. EPS $0.31 Beats $0.14 Estimate, Sales $78.65M Beat $75.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Manitex International (NASDAQ:MNTX) reported Q4 adjusted EPS of $0.31, surpassing the $0.14 estimate, a 244.44% increase from last year's $0.09. Sales reached $78.65M, beating the $75M estimate but slightly down 0.21% from last year's $78.82M.
February 29, 2024 | 11:08 am
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POSITIVE IMPACT
Manitex International reported a significant beat on both earnings and sales estimates for Q4, with EPS at $0.31 against a $0.14 estimate and sales of $78.65M against a $75M estimate.
The substantial beat on both earnings per share and sales estimates for Manitex International indicates strong financial performance and operational efficiency. This outperformance, especially the significant increase in EPS year-over-year, is likely to positively influence investor sentiment and could lead to a short-term uptick in MNTX's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100