The Manitowoc Company, Inc. Just Missed EPS By 77%: Here's What Analysts Think Will Happen Next

It's shaping up to be a tough period for The Manitowoc Company, Inc. (NYSE:MTW), which a week ago released some disappointing second-quarter results that could have a notable impact on how the market views the stock. Results showed a clear earnings miss, with US$540m revenue coming in 7.8% lower than what the analystsexpected. Statutory earnings per share (EPS) of US$0.04 missed the mark badly, arriving some 77% below what was expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

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Taking into account the latest results, the current consensus from Manitowoc Company's three analysts is for revenues of US$2.24b in 2025. This would reflect a modest 5.1% increase on its revenue over the past 12 months. Statutory earnings per share are forecast to tumble 66% to US$0.43 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$2.25b and earnings per share (EPS) of US$0.43 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

Check out our latest analysis for Manitowoc Company

With the analysts reconfirming their revenue and earnings forecasts, it's surprising to see that the price target rose 9.4% to US$12.25. It looks as though they previously had some doubts over whether the business would live up to their expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Manitowoc Company at US$16.00 per share, while the most bearish prices it at US$11.00. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

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 can infer from the latest estimates that forecasts expect a continuation of Manitowoc Company'shistorical trends, as the 10% annualised revenue growth to the end of 2025 is roughly in line with the 8.9% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 4.7% per year. So it's pretty clear that Manitowoc Company is forecast to grow substantially faster than its industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

With that in mind, we wouldn't be too quick to come to a conclusion on Manitowoc Company. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Manitowoc Company analysts - going out to 2027, and you can see them free on our platform here.

Even so, be aware that Manitowoc Company is showing 2 warning signs in our investment analysis , and 1 of those is a bit unpleasant...

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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.