Wall Street analysts forecast that Manhattan Associates (MANH) will report quarterly earnings of $1.02 per share in its upcoming release, pointing to a year-over-year decline of 1%. It is anticipated that revenues will amount to $256.91 million, exhibiting an increase of 0.9% compared to the year-ago quarter.
Over the last 30 days, there has been a downward revision of 1.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link 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.
Bearing this in mind, let's now explore the average estimates of specific Manhattan Associates metrics that are commonly monitored and projected by Wall Street analysts.
Analysts forecast 'Revenue- Hardware' to reach $6.81 million. The estimate suggests a change of +4.1% year over year.
The consensus among analysts is that 'Revenue- Services' will reach $117.39 million. The estimate indicates a change of -11.2% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenue- Maintenance' of $31.52 million. The estimate indicates a year-over-year change of -9.9%.
Analysts predict that the 'Revenue- Cloud subscriptions' will reach $93.54 million. The estimate indicates a change of +19.9% from the prior-year quarter.
View all Key Company Metrics for Manhattan Associates here>>>
Over the past month, shares of Manhattan Associates have returned -4.4% versus the Zacks S&P 500 composite's -5.6% change. Currently, MANH carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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 ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
