Published on 13 Mar 2024 on Zacks via Yahoo Finance
The Manitowoc Company, Inc. (MTW) Gains As Market Dips: What You Should Know
The latest trading session saw The Manitowoc Company, Inc. (MTW) ending at $13.41, denoting a +1.67% adjustment from its last day's close. The stock outpaced the S&P 500's daily loss of 0.19%. Meanwhile, the Dow gained 0.1%, and the Nasdaq, a tech-heavy index, lost 0.54%.
The company's shares have seen a decrease of 16.41% over the last month, not keeping up with the Industrial Products sector's gain of 4.2% and the S&P 500's gain of 3.18%.
The investment community will be closely monitoring the performance of The Manitowoc Company, Inc. in its forthcoming earnings report. The company is forecasted to report an EPS of $0.22, showcasing a 52.17% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $493.76 million, down 2.86% from the year-ago period.