Wall Street analysts expect Manhattan Associates (MANH) to post quarterly earnings of $1.06 per share in its upcoming report, which indicates a year-over-year increase of 2.9%. Revenues are expected to be $253.48 million, up 6.4% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Manhattan Associates metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts' assessment points toward 'Revenue- Services' reaching $121.87 million. The estimate indicates a change of +2.3% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenue- Maintenance' of $33.49 million. The estimate indicates a year-over-year change of -9.9%.
Based on the collective assessment of analysts, 'Revenue- Cloud subscriptions' should arrive at $89.46 million. The estimate points to a change of +25.3% from the year-ago quarter.
Analysts expect 'Revenue- Hardware' to come in at $5.40 million. The estimate points to a change of +1.6% from the year-ago quarter.
The average prediction of analysts places 'Revenue- Software license' at $3.11 million. The estimate points to a change of -40.6% from the year-ago quarter.
View all Key Company Metrics for Manhattan Associates here>>>
Shares of Manhattan Associates have demonstrated returns of -0.1% over the past month compared to the Zacks S&P 500 composite's +2.7% change. With a Zacks Rank #3 (Hold), MANH is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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