Here's Why The Manitowoc Company, Inc. (MTW) is a Strong Growth Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why This 1 Growth Stock Should Be On Your Watchlist
For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
The Manitowoc Company, Inc. (MTW)
Incorporated in 1902, Manitowoc is a leading provider of engineered lifting solutions, including lattice-boom cranes, tower cranes, mobile telescopic cranes and boom trucks. The company has three reportable segments, the Americas segment, EURAF segment, and MEAP segment.
MTW boasts a Growth Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 39.6% year-over-year for 2023, while Wall Street anticipates its top line to improve by 6.5%.
One analyst revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.07 to $1.48 per share. MTW also boasts an average earnings surprise of 316.7%.
Looking at cash flow, The Manitowoc Company, Inc. is expected to report cash flow growth of 30.3% this year; MTW has generated cash flow growth of 27% over the past three to five years.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, MTW should be on investors' short lists.
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The Manitowoc Company, Inc. (MTW) : Free Stock Analysis Report
