Manhattan Associates Inc expected to post earnings of 87 cents a share - Earnings Preview

Manhattan Associates

19/04/2024 21:24

* Manhattan Associates Inc  MANH.OQ   MANH.O  is expected
to show
a rise in quarterly revenue when it reports  results on April 23
for the period ending March 31 2024
    * The Atlanta Georgia-based  company is expected to report a
10.1% increase in revenue to $243.414 million from $221.01
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on January
30 2024, for the period ended March 31, was for revenue between
$241.00 million and $245.00 million.
    * ​LSEG's mean analyst estimate for Manhattan Associates Inc
is
for earnings of 87 cents per share. The company's EPS guidance
on January 30 2024, for the period ended March 31, was between
$0.85 and $0.87 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Manhattan
Associates Inc is $250.00​, above​ its last closing price
of $230.44. ​​​

The company's guidance on January 30 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD67.48 million and USD68.6 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.80        0.80       1.03      Beat    28.5
 Sep. 30 2023  0.76        0.76       1.05      Beat    37.4
 Jun. 30 2023  0.72        0.72       0.88      Beat    21.9​
 Mar. 31 2023  0.65        0.64       0.80      Beat    24.7
 ​​Dec.        0.50        0.50       0.81      Beat    63.1
 31 2022                                                
 Sep. 30 2022  0.57        0.57       0.66      Beat    15.5​
 Jun. 30 2022  0.53        0.54       0.69      Beat    29
 Mar. 31 2022  0.45        0.45       0.60      Beat    33.3
 This summary was machine generated April 19 at 20:24 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)