Manhattan Associates (MANH) Q1 Earnings: What To Expect

Supply chain optimization software maker Manhattan Associates (NASDAQ:MANH) will be announcing earnings results tomorrow after the bell. Here’s what investors should know.

Manhattan Associates beat analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $255.8 million, up 7.4% year on year. It was a weaker quarter for the company, with full-year guidance of slowing revenue growth.

Is Manhattan Associates a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Manhattan Associates’s revenue to be flat year on year at $256.8 million, slowing from the 15.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.03 per share.

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, beating revenue estimates every single time over the past two years by 4.8% on average.

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. Adobe delivered year-on-year revenue growth of 10.3%, beating analysts’ expectations by 1%, and Paychex reported revenues up 4.8%, in line with consensus estimates. Adobe traded down 14% following the results while Paychex was up 5.4%.

Read our full analysis of Adobe’s results here and Paychex’s results here.

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