Why Did Manitowoc Stock Plunge 10.45%?

The Manitowoc Company, Inc. (MTW) experienced a significant drop of 10.45% in pre-market trading on April 30, 2025, reflecting a challenging period for the company's stock performance.

Over the past six months, while the S&P 500 index has declined by 7.7%, Manitowoc's stock price has fallen even more sharply, reaching $7.98 and resulting in a 13.7% loss for shareholders.

Recently, Manitowoc updated its fiscal year 2025 earnings guidance, providing an EPS range of $0.150 to $0.850 for the period. This guidance is compared to the consensus estimate, indicating the company's expectations for the upcoming financial results.

The Manitowoc Company, Inc. has also revised its earnings guidance for the full year 2024, reflecting adjustments in its financial projections. This revision is part of the company's ongoing efforts to manage investor expectations and provide transparency regarding its financial performance.