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Surging Earnings Estimates Signal Good News for Manitowoc Company (MTW)
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The Manitowoc Company, Inc. (MTW - Free Report) , which provides engineered lifting equipment for the construction industry, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on MTW’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Manitowoc Company could be a solid choice for investors.
Current Quarter Estimates for MTW
In the past 30 days, six estimates have gone higher for Manitowoc Company while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 10 cents a share 30 days ago, to a loss of 7 cents today, a move of 30%.
Current Year Estimates for MTW
Meanwhile, Manitowoc Company’s current year figures are also looking quite promising, with eight estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 33 cents per share 30 days ago to a loss of 14 cents per share today, an increase of 57.6%.
The stock has also started to move higher lately, adding 37.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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Surging Earnings Estimates Signal Good News for Manitowoc Company (MTW)
The Manitowoc Company, Inc. (MTW - Free Report) , which provides engineered lifting equipment for the construction industry, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on MTW’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Manitowoc Company could be a solid choice for investors.
Current Quarter Estimates for MTW
In the past 30 days, six estimates have gone higher for Manitowoc Company while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 10 cents a share 30 days ago, to a loss of 7 cents today, a move of 30%.
Current Year Estimates for MTW
Meanwhile, Manitowoc Company’s current year figures are also looking quite promising, with eight estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 33 cents per share 30 days ago to a loss of 14 cents per share today, an increase of 57.6%.
Manitowoc Company, Inc. (The) Price and Consensus
Manitowoc Company, Inc. (The) Price and Consensus | Manitowoc Company, Inc. (The) Quote
Bottom Line
The stock has also started to move higher lately, adding 37.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>