Manitowoc Co Q3 2024 Adj. EPS $(0.08) Misses $0.06 Estimate, Sales $524.800M Beat $516.493M Estimate
Portfolio Pulse from Benzinga Newsdesk
Manitowoc Co reported Q3 2024 earnings with an adjusted EPS of $(0.08), missing the consensus estimate of $0.06. However, sales were $524.8M, beating the estimate of $516.493M and showing a slight increase from last year's $520.9M.
October 30, 2024 | 8:58 pm
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Manitowoc Co's Q3 2024 earnings report showed a significant EPS miss but a slight sales beat. The EPS of $(0.08) was below the expected $0.06, while sales of $524.8M exceeded the $516.493M estimate.
The significant miss on EPS is likely to negatively impact the stock price in the short term, despite the sales beat. The market often reacts more strongly to earnings misses than sales beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100