Manitowoc Stock Plunges 10.07% on Disappointing Q1 Earnings
1min read The Manitowoc Company, Inc. (MTW) experienced a significant drop of 10.07% in pre-market trading on May 7, 2025, reflecting a challenging start to the day for investors.
Manitowoc reported its Q1 2025 earnings, revealing an EPS of -$0.18, which fell short of market estimates. The company's revenue for the quarter was $470.9 million, also below expectations. This financial performance has raised concerns among investors about the company's ability to meet market expectations in the near future.
Analysts had anticipated a revenue decline of 2.6% year over year to $482 million for the quarter, which aligns with the 2.6% decrease recorded in the same period last year. However, the actual revenue of $470.9 million indicates a more significant shortfall than expected, contributing to the stock's decline.
Ask Aime: What's behind the 10% drop in Manitowoc's stock value?
Historically, Manitowoc has shown mixed performance in meeting earnings and revenue estimates. Over the past two years, the company has beaten EPS estimates 38% of the time and revenue estimates 63% of the time. This inconsistent performance has likely added to investor uncertainty and contributed to the stock's recent volatility.
