The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Manitowoc's revenues will expand 12.2% and EPS will expand 61.1%.
The average estimate for revenue is $1.05 billion. On the bottom line, the average EPS estimate is $0.29.
Last quarter, Manitowoc reported revenue of $1.01 billion. GAAP reported sales were 5.9% higher than the prior-year quarter's $949.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.32. GAAP EPS of $0.32 for Q2 were much higher than the prior-year quarter's $0.02 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 24.8%, 110 basis points better than the prior-year quarter. Operating margin was 8.8%, 140 basis points better than the prior-year quarter. Net margin was 4.2%, 390 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $3.98 billion. The average EPS estimate is $0.83.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,720 members out of 1,772 rating the stock outperform, and 52 members rating it underperform. Among 412 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 409 give Manitowoc a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Manitowoc is outperform, with an average price target of $16.73.
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