Manitowoc (MTW) To Report Q4 Earnings: What's In Store?
Zacks Investment Research | Feb 03, 2020 09:10PM ET
The Manitowoc Company (NYSE:MTW) is scheduled to report fourth-quarter 2019 results after the market close on Feb 6.
Q4 Estimates
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 28 cents, suggesting an improvement of 75% from the prior-year quarter. Moreover, the Zacks Consensus Estimate for total sales of $493.5 million, indicating a decline of 4% from the year-ago reported figure.
A Sneak Peak at Q3
Manitowoc’s third-quarter 2019 adjusted earnings per share beat the Zacks Consensus Estimate by a margin of 64%. The bottom line also improved 170% on a year-over-year basis.
Notably, Manitowoc beat estimates in the trailing four quarters by 216.1%, on average.
Share Price Performance
Manitowoc’s shares have declined 12.7% over the past year, compared with the Zacks Investment Research
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