Supply chain software provider Manhattan Associates (NASDAQ: MANH) will be reporting earnings this Tuesday after market hours. Here’s what to look for.
Manhattan Associates beat analysts’ revenue expectations last quarter, reporting revenues of $270.4 million, up 5.7% year on year. It was a mixed quarter for the company, with full-year guidance of accelerating revenue growth but full-year EPS guidance missing analysts’ expectations significantly.
Is Manhattan Associates a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Manhattan Associates’s revenue to grow 4% year on year, in line with the 3.2% increase it recorded in the same quarter last year.
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.
Looking at Manhattan Associates’s peers in the software-as-a-service segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Oracle delivered year-on-year revenue growth of 21.7%, beating analysts’ expectations by 1.5%, and Adobe reported revenues up 12%, topping estimates by 1.9%. Oracle traded up 9.2% following the results while Adobe was down 7.6%.
Read our full analysis of Oracle’s results here and Adobe’s results here.
Investors in the software-as-a-service segment have had steady hands going into earnings, with share prices flat over the last month. Manhattan Associates is down 5.1% during the same time and is heading into earnings with an average analyst price target of $202 (compared to the current share price of $132.16).
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