Manhattan Associates' Q1 revenue, adj EPS beat estimates

Manhattan Associates

21/04/2026 21:17

Overview

Supply chain solutions provider's Q1 revenue rose yr/yr, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations, rising to $1.24 from $1.19

Company repurchased 1.04 mln shares for $150 mln, buyback authorization increased to $500 mln

Outlook

Manhattan Associates sees 2026 revenue between $1.147 bln and $1.157 bln

Company expects 2026 adjusted EPS of $5.29 to $5.37

Manhattan Associates says macro volatility persists but fundamentals and pipeline remain solid

Result Drivers

CLOUD SUBSCRIPTION GROWTH - Cloud subscription revenue rose to $117.1 mln from $94.3 mln, driving overall revenue growth

BROAD-BASED DEMAND - Co said strong and broad-based demand supported Q1 revenue growth and better-than-expected bookings, per CEO Eric Clark

HIGHER RPO - Remaining performance obligations increased to $2.35 bln from $2.23 bln at year-end, supporting future revenue visibility

Company press release: ID:nBw21d3Ysa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$282.20 mln
$273.83 mln (7 Analysts)
Q1 Adjusted EPS
Beat
$1.24
$1.11 (10 Analysts)
Q1 EPS
$0.82


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Manhattan Associates Inc is $217.22, about 62.3% above its April 20 closing price of $133.83

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 32 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)