The Manitowoc Company (NYSE:MTW) is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.29 per share.
Looking ahead, the full year loss are expected at $ 1.12 per share on the revenues of $ 1339.32 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,600.00 million ~ $ 1,700.00 million
Click Here For More Historical Outlooks Of The Manitowoc Company
Previous Quarter Performance
The Manitowoc Company recorded loss for the second quarter of $ 0.47 per share, from the revenue of $ 328.30 million. Street analysts expected The Manitowoc Company to report loss of $ 0.58 per share on revenue of $ 279.79 million for the second quarter. The bottom line results beat street analysts by $ 0.11 or 18.97 percent, at the same time, top line results outshined analysts by $ 48.51 million or 17.34 percent.
Stock Performance
Shares of The Manitowoc Company traded up $ 0.46 or 5.85 percent on Tuesday, reaching $ 8.32 with volume of 375.70 thousand shares. The Manitowoc Company has traded high as $ 8.43 and has cracked $ 7.98 on the downward trend
According to the previous trading day, closing price of $ 8.32, representing a 8.56 % increase from the 52 week low of $ 7.24 and a 55.79 % decrease over the 52 week high of $ 17.78.
The company has a market capital of $ 287.22 million and is part of the Industrials sector and Farm & Construction Equipment industry.
The Manitowoc Company, Inc. provides engineered lifting equipment for the construction industry in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile telescopic cranes under the Grove brand; and a line of hydraulically powered telescopic boom trucks under the National Crane brand.
