Here's Why The Manitowoc Company, Inc. (MTW) is a Strong Growth Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see 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 is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of A and VGM Score of A. Earnings are expected to grow 39.6% year-over-year for the current fiscal year, with sales growth of 6.5%.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.36 to $1.48 per share. MTW 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.
MTW should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.
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The Manitowoc Company, Inc. (MTW) : Free Stock Analysis Report
