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Manhattan Associates (MANH)
NASDAQ:MANH
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.06Last Year’s EPS
$1.03Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2024
|% Change Since: -4.13%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, particularly in revenue and cloud growth, along with successful product launches and a robust pipeline. However, challenges such as deal slippage and lower-than-expected services revenue were noted. Overall, the company's strong fundamentals and optimistic outlook for future growth painted a predominantly positive picture.Company Guidance
During the Q3 2024 earnings call, Manhattan Associates reported a record-setting quarter with total revenue increasing by 12% to $267 million and adjusted earnings per share rising by 29% to $1.35. The company saw a robust 33% growth in cloud subscription revenue, contributing significantly to their top-line performance. Remaining performance obligation (RPO) increased by 27% to approximately $1.7 billion. Notably, 14% of new bookings came from net new logos, with a strong win rate of about 70%. The company has raised its full-year 2024 guidance, projecting total revenue to reach up to $1.041 billion, reflecting 12% growth, and adjusted earnings per share to increase to a midpoint of $4.61. Looking ahead, preliminary 2025 guidance suggests total revenue growth of 9% to 10% with cloud revenue expected to grow by 23%, and RPO to increase by 21% to $2.15 billion. The company maintains a positive outlook despite the challenging macroeconomic environment, citing strong demand and a robust pipeline as key growth drivers.Record-Breaking Revenue and Growth
Q3 total revenue increased by 12% to $267 million, and adjusted earnings per share rose by 29% to $1.35. Both metrics exceeded expectations.
Cloud Revenue Surge
Cloud subscription revenue grew by 33% in the quarter, showcasing strong demand for cloud solutions.
Strong Remaining Performance Obligation
RPO increased by 27% to approximately $1.7 billion, indicating robust future revenue streams.
High Win Rates and Deal Pipeline
Win rates remained strong at about 70%, with a record-level global pipeline, indicating a positive outlook for future business.
Successful Product Launches
Manhattan Active Supply Chain Planning solution was launched on schedule, generating notable interest globally.
Strong Operating Margin and Cash Flow
Adjusted operating margin was 37.1%, up 670 basis points year-over-year, with operating cash flow increasing by 6% to $62 million.
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MANH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MANH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 22, 2024 | $292.32 | $271.36 | -7.17% |
| Jul 23, 2024 | $226.00 | $249.83 | +10.54% |
| Apr 23, 2024 | $230.63 | $206.32 | -10.54% |
| Jan 30, 2024 | $223.78 | $242.56 | +8.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Manhattan Associates (MANH) report earnings?
Manhattan Associates (MANH) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Manhattan Associates (MANH) earnings time?
Manhattan Associates (MANH) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MANH EPS forecast?
MANH EPS forecast for the fiscal quarter 2024 (Q4) is $1.06.
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