- Manhattan Associates has revised their full-year revenue forecast upwards to a range of $1.07 billion to $1.08 billion.
- The previous revenue forecast was between $1.06 billion to $1.07 billion, with market estimates at $1.06 billion.
- The company reported adjusted earnings per share (EPS) at $1.31 for the second quarter, exceeding the previous year’s $1.18 and beating estimates of $1.13.
- Second-quarter revenue reached $272.4 million, marking a year-over-year increase of 2.7% and surpassing the estimated $263.7 million.
- Cloud Subscription revenue rose by 22% year-over-year to $100.4 million, slightly above the estimated $99.6 million.
- Software License revenue dropped by 50% year-over-year to $1.53 million, falling short of the projected $1.91 million.
- Services revenue decreased by 5.8% year-over-year to $128.9 million but exceeded the estimated $125.7 million.
- Analyst recommendations include 5 buys, 5 holds, and 1 sell for Manhattan Associates‘ stock.
A look at Manhattan Associates Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Manhattan Associates, Inc., a company that focuses on providing information technology solutions for distribution centers, has garnered mixed reviews according to the Smartkarma Smart Scores. While it excels in resilience and growth potential with high scores of 5 and 4 respectively, its value and dividend scores fall below these levels at 2 and 1. This indicates a strong foundation for long-term sustainability and growth in the market.
With strong momentum and a focus on adapting to market changes, Manhattan Associates seems well-positioned to capitalize on future opportunities. Despite the lower value and dividend scores, the company’s emphasis on innovation and operational efficiency could drive further growth and create value for investors in the long run. Investors may want to keep an eye on how Manhattan Associates leverages its strengths in resilience and growth to navigate the evolving landscape of distribution center technology solutions.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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