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

Manhattan Associates

23/07/2024 22:21

* Manhattan Associates Inc  MANH.OQ  reported quarterly
adjusted
earnings of $1.18​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 88 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 96 cents per
share. Wall Street expected results to range from 93 cents to 97
cents per share.
    * Revenue rose 14.8% to $265.32 million from a year ago;
analysts
expected $255.88 million. 
    * Manhattan Associates Inc's reported EPS for the quarter
was 85
cents​.
    * The company reported quarterly net income of $52.77
million.
    * Manhattan Associates Inc shares had fallen by 8.7% this
quarter and gained 4.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
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 8 "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 $251.00 
This summary was machine generated from LSEG data July 23 at
09:21 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
 Jun. 30 2024      0.96           1.18           Beat
 Mar. 31 2024      0.87           1.03           Beat
 Dec. 31 2023      0.80           1.03           Beat
 Sep. 30 2023      0.76           1.05           Beat