Results: The Manitowoc Company, Inc. Delivered A Surprise Loss And Now Analysts Have New Forecasts

The Manitowoc Company, Inc. (NYSE:MTW) shareholders are probably feeling a little disappointed, since its shares fell 3.1% to US$9.34 in the week after its latest quarterly results. Revenues came in at US$525m, in line with estimates, while Manitowoc Company reported a statutory loss of US$0.20 per share, well short of prior analyst forecasts for a profit. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

View our latest analysis for Manitowoc Company

Following the latest results, Manitowoc Company's five analysts are now forecasting revenues of US$2.23b in 2025. This would be an okay 2.2% improvement in revenue compared to the last 12 months. Earnings are expected to improve, with Manitowoc Company forecast to report a statutory profit of US$1.13 per share. In the lead-up to this report, the analysts had been modelling revenues of US$2.22b and earnings per share (EPS) of US$1.01 in 2025. Although the revenue estimates have not really changed, we can see there's been a solid gain to earnings per share expectations, suggesting that the analysts have become more bullish after the latest result.

There's been no major changes to the consensus price target of US$13.30, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Manitowoc Company analyst has a price target of US$20.00 per share, while the most pessimistic values it at US$9.00. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Manitowoc Company's past performance and to peers in the same industry. We would highlight that Manitowoc Company's revenue growth is expected to slow, with the forecast 1.8% annualised growth rate until the end of 2025 being well below the historical 7.5% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 3.0% annually. Factoring in the forecast slowdown in growth, it seems obvious that Manitowoc Company is also expected to grow slower than other industry participants.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Manitowoc Company's earnings potential next year. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at US$13.30, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Manitowoc Company going out to 2026, and you can see them free on our platform here.

Before you take the next step you should know about the 1 warning sign for Manitowoc Company that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.