Manhattan Associates, Inc. beat Q3 2024 revenue and earnings estimates, showcasing impressive operating income and earnings growth despite macroeconomic uncertainties. The global supply chain management software market is projected to grow at a robust 11.1% CAGR, driven by increasing demand for efficiency and AI integration. Manhattan Associates' strong financials include rising gross profit margins, reduced SG&A and R&D costs, significant free cash flow, and aggressive stock buybacks.
Manhattan Associates (MANH) could produce exceptional returns because of its solid growth attributes.
Manhattan Associates (MANH) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
MANH's third-quarter 2024 results benefit from higher revenues across the cloud subscription and services.
Although the revenue and EPS for Manhattan Associates (MANH) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Manhattan Associates, Inc. (NASDAQ:MANH ) Q3 2024 Earnings Conference Call October 22, 2024 4:30 PM ET Company Participants Michael Bauer - Head, Investor Relations Eddie Capel - Chief Executive Officer Dennis Story - Chief Financial Officer Conference Call Participants Terry Tillman - Truist Securities Joe Vruwink - Baird Brian Peterson - Raymond James George Kurosawa - Citi Mark Schappel - Loop Capital Markets Dylan Becker - William Blair Operator Good afternoon. My name is Alicia, and I will be your conference facilitator today.
Manhattan Associates (MANH) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $1.05 per share a year ago.
MANH's third-quarter 2024 results are likely to benefit from expanding product offerings within a challenging macroeconomic condition.
Evaluate the expected performance of Manhattan Associates (MANH) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Manhattan Associates, Inc. beat Q2 2024 earnings expectations with Non-GAAP EPS of $1.18 and revenue of $265.3 million. Strong growth in cloud and service revenue drove the company's financial results, with adjusted EPS up 34% and cloud revenue up 35%. Despite record-breaking results, high valuation, potential market risks, and challenges ahead suggest caution for investors.
Manhattan Associates (MANH) could produce exceptional returns because of its solid growth attributes.
Here is how Manhattan Associates (MANH) and AudioEye (AEYE) have performed compared to their sector so far this year.