Manitowoc Stock Plunges 10.07% on Disappointing Q1 Earnings

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.

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.