Manhattan Associates (MANH) Reports Q3 Earnings: What Key Metrics Have to Say
Manhattan Associates (MANH) reported $238.44 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 20.4%. EPS of $1.05 for the same period compares to $0.66 a year ago.
The reported revenue represents a surprise of +5.35% over the Zacks Consensus Estimate of $226.33 million. With the consensus EPS estimate being $0.77, the EPS surprise was +36.36%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Manhattan Associates performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Cloud subscriptions: $65.03 million versus the three-analyst average estimate of $63.17 million. The reported number represents a year-over-year change of +43.7%.
Revenue- Maintenance: $35.30 million versus $30.87 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.5% change.
Revenue- Hardware: $6.28 million versus the three-analyst average estimate of $5.51 million. The reported number represents a year-over-year change of -12.9%.
Revenue- Services: $127.97 million versus the three-analyst average estimate of $125.27 million. The reported number represents a year-over-year change of +23.7%.
Revenue- Software license: $3.87 million versus the three-analyst average estimate of $1.51 million. The reported number represents a year-over-year change of -39.4%.
View all Key Company Metrics for Manhattan Associates here>>>
Shares of Manhattan Associates have returned -5.9% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Manhattan Associates, Inc. (MANH) : Free Stock Analysis Report
