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Compared to Estimates, Manhattan Associates (MANH) Q2 Earnings: A Look at Key Metrics
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For the quarter ended June 2024, Manhattan Associates (MANH - Free Report) reported revenue of $265.32 million, up 14.9% over the same period last year. EPS came in at $1.18, compared to $0.88 in the year-ago quarter.
The reported revenue represents a surprise of +3.61% over the Zacks Consensus Estimate of $256.07 million. With the consensus EPS estimate being $0.96, the EPS surprise was +22.92%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Manhattan Associates performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Cloud subscriptions: $82.36 million versus the three-analyst average estimate of $80.49 million. The reported number represents a year-over-year change of +35.1%.
Revenue- Maintenance: $35.27 million versus $31.05 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.5% change.
Revenue- Hardware: $7.79 million compared to the $6.01 million average estimate based on three analysts. The reported number represents a change of +32.2% year over year.
Revenue- Services: $136.83 million versus the three-analyst average estimate of $137.21 million. The reported number represents a year-over-year change of +9.8%.
Revenue- Software license: $3.06 million compared to the $1.32 million average estimate based on three analysts. The reported number represents a change of -18.3% year over year.
Shares of Manhattan Associates have returned -6.8% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Manhattan Associates (MANH) Q2 Earnings: A Look at Key Metrics
For the quarter ended June 2024, Manhattan Associates (MANH - Free Report) reported revenue of $265.32 million, up 14.9% over the same period last year. EPS came in at $1.18, compared to $0.88 in the year-ago quarter.
The reported revenue represents a surprise of +3.61% over the Zacks Consensus Estimate of $256.07 million. With the consensus EPS estimate being $0.96, the EPS surprise was +22.92%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Manhattan Associates performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Cloud subscriptions: $82.36 million versus the three-analyst average estimate of $80.49 million. The reported number represents a year-over-year change of +35.1%.
- Revenue- Maintenance: $35.27 million versus $31.05 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.5% change.
- Revenue- Hardware: $7.79 million compared to the $6.01 million average estimate based on three analysts. The reported number represents a change of +32.2% year over year.
- Revenue- Services: $136.83 million versus the three-analyst average estimate of $137.21 million. The reported number represents a year-over-year change of +9.8%.
- Revenue- Software license: $3.06 million compared to the $1.32 million average estimate based on three analysts. The reported number represents a change of -18.3% year over year.
View all Key Company Metrics for Manhattan Associates here>>>Shares of Manhattan Associates have returned -6.8% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.