Manhattan Associates (NAS: MANH) reported earnings on Oct. 16. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Manhattan Associates beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped.
Gross margins shrank, operating margins increased, net margins dropped.
Manhattan Associates booked revenue of $95.8 million. The three analysts polled by S&P Capital IQ foresaw a top line of $92.5 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $85.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.75. The four earnings estimates compiled by S&P Capital IQ predicted $0.67 per share. GAAP EPS of $0.69 for Q3 were 1.4% lower than the prior-year quarter's $0.70 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 57.1%, 90 basis points worse than the prior-year quarter. Operating margin was 22.6%, 290 basis points better than the prior-year quarter. Net margin was 14.4%, 300 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $92.3 million. On the bottom line, the average EPS estimate is $0.67.
Next year's average estimate for revenue is $369.8 million. The average EPS estimate is $2.70.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 30 members out of 43 rating the stock outperform, and 13 members rating it underperform. Among 12 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), eight give Manhattan Associates a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Manhattan Associates is outperform, with an average price target of $54.67.
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The article Manhattan Associates Beats on Both Top and Bottom Lines originally appeared on Fool.com.
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