Supply chain optimization software maker Manhattan Associates (NASDAQ:MANH) will be reporting results tomorrow after the bell. Here’s what to expect.
Manhattan Associates beat analysts’ revenue expectations by 1.3% last quarter, reporting revenues of $266.7 million, up 11.8% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and full-year EPS guidance exceeding analysts’ expectations.
Is Manhattan Associates a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Manhattan Associates’s revenue to grow 6.2% year on year to $253.1 million, slowing from the 20.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.06 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Manhattan Associates has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 5.8% on average.
Looking at Manhattan Associates’s peers in the software-as-a-service segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Agilysys delivered year-on-year revenue growth of 14.9%, missing analysts’ expectations by 4.9%, and Paychex reported revenues up 4.7%, in line with consensus estimates. Agilysys traded down 20.1% following the results while Paychex was up 2.5%.
Read our full analysis of Agilysys’s results here and Paychex’s results here.
Investors in the software-as-a-service segment have had steady hands going into earnings, with share prices up 1.1% on average over the last month. Manhattan Associates is up 4.8% during the same time and is heading into earnings with an average analyst price target of $302.37 (compared to the current share price of $284.05).
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