- Manhattan Associates reported an adjusted EPS of $1.19 for Q1, surpassing last year’s $1.03 and beating the estimate of $1.03.
- The company’s Q1 revenue reached $262.8 million, a 3.2% increase from the previous year, and exceeded the estimate of $256.8 million.
- Cloud Subscription revenue rose significantly by 21% year-over-year, amounting to $94.3 million, slightly above the estimated $93.6 million.
- Software License revenue saw a remarkable increase to $9.29 million, compared to $2.81 million the previous year, surpassing the projection of $8.02 million.
- Services revenue decreased by 8.4% year-over-year, totaling $121.1 million, but still came in above the estimated $117.1 million.
- The company maintains its annual revenue forecast at $1.06 billion to $1.07 billion, aligning with the market estimate of $1.06 billion.
- Analysts’ ratings include 7 buy recommendations and 3 holds, with no sell recommendations.
A look at Manhattan Associates Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Manhattan Associates, Inc. is positioned for long-term success, as indicated by the Smartkarma Smart Scores. With a strong growth score of 4 and a resilience score of 5, the company shows promising potential for expansion and the ability to withstand market challenges. These scores highlight Manhattan Associates‘ ability to adapt to changing environments and sustain its operations over time. The company’s focus on providing information technology solutions for distribution centers aligns well with the growing demand for efficient supply chain management solutions.
While the value and dividend scores are more moderate at 2 and 1 respectively, the high growth and resilience scores outweigh these factors, signaling a positive outlook for Manhattan Associates in the long run. Additionally, with a momentum score of 2, the company is showing signs of stable performance and steady progress. Overall, Manhattan Associates‘ emphasis on optimizing inventory management and enhancing distribution processes positions it well for future growth and sustainability in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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