Manhattan Associates Inc reports results for the quarter ended in December - Earnings Summary

Manhattan Associates

30/01/2024 22:01

* Manhattan Associates Inc  MANH.OQ  reported quarterly
adjusted
earnings of $1.03​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 81 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 80 cents per
share. Wall Street expected results to range from 79 cents to 81
cents per share.
    * Revenue rose 20.3% to $238.26 million from a year ago;
analysts
expected $223.97 million. 
    * Manhattan Associates Inc's reported EPS for the quarter
was 78
cents​.
    * The company reported quarterly net income of $48.74
million.
    * Manhattan Associates Inc shares had risen by 4.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for Manhattan
Associates Inc is $239.85 
This summary was machine generated from LSEG data January 30 at
10:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.80           1.03           Beat
 Sep. 30 2023      0.76           1.05           Beat
 Jun. 30 2023      0.72           0.88           Beat
 Mar. 31 2023      0.64           0.80           Beat