We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Manhattan Associates (MANH) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
Read MoreHide Full Article
Wall Street analysts expect Manhattan Associates (MANH - Free Report) to post quarterly earnings of $1.18 per share in its upcoming report, which indicates a year-over-year decline of 12.6%. Revenues are expected to be $271.32 million, up 1.7% from the year-ago quarter.
The current level reflects an upward revision of 1.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Manhattan Associates metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Revenue- Cloud subscriptions' to come in at $104.52 million. The estimate suggests a change of +20.9% year over year.
The combined assessment of analysts suggests that 'Revenue- Maintenance' will likely reach $31.96 million. The estimate indicates a year-over-year change of -7.3%.
The collective assessment of analysts points to an estimated 'Revenue- Hardware' of $6.28 million. The estimate points to a change of +27.3% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenue- Services' should arrive at $126.89 million. The estimate suggests a change of -7.4% year over year.
Analysts predict that the 'Revenue- Software license' will reach $1.67 million. The estimate suggests a change of -55.7% year over year.
Shares of Manhattan Associates have demonstrated returns of -7% over the past month compared to the Zacks S&P 500 composite's +0.9% change. With a Zacks Rank #3 (Hold), MANH is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Manhattan Associates (MANH) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
Wall Street analysts expect Manhattan Associates (MANH - Free Report) to post quarterly earnings of $1.18 per share in its upcoming report, which indicates a year-over-year decline of 12.6%. Revenues are expected to be $271.32 million, up 1.7% from the year-ago quarter.
The current level reflects an upward revision of 1.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Manhattan Associates metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Revenue- Cloud subscriptions' to come in at $104.52 million. The estimate suggests a change of +20.9% year over year.
The combined assessment of analysts suggests that 'Revenue- Maintenance' will likely reach $31.96 million. The estimate indicates a year-over-year change of -7.3%.
The collective assessment of analysts points to an estimated 'Revenue- Hardware' of $6.28 million. The estimate points to a change of +27.3% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenue- Services' should arrive at $126.89 million. The estimate suggests a change of -7.4% year over year.
Analysts predict that the 'Revenue- Software license' will reach $1.67 million. The estimate suggests a change of -55.7% year over year.
View all Key Company Metrics for Manhattan Associates here>>>Shares of Manhattan Associates have demonstrated returns of -7% over the past month compared to the Zacks S&P 500 composite's +0.9% change. With a Zacks Rank #3 (Hold), MANH is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .