Why The Manitowoc Company, Inc. (MTW) is a Top Growth Stock for the Long-Term
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.
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
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 is a Zacks Rank #2 (Buy) stock, with a Growth Style Score of A and VGM Score of A. Earnings are expected to grow 33% year-over-year for the current fiscal year, with sales growth of 6.6%.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.29 to $1.41 per share. MTW boasts an average earnings surprise of 316.7%.
On a historic basis, The Manitowoc Company, Inc. has generated cash flow growth of 27%, and is expected to report cash flow expansion of 30.3% this year.
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
