Manhattan Associates Earnings: Here’s Why Investors are Ambivalent Now

Manhattan Associates, Inc. (NASDAQ:MANH) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Manhattan Associates, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 26.32% to $0.96 in the quarter versus EPS of $0.76 in the year-earlier quarter.

Revenue: Rose 9.57% to $102.52 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Manhattan Associates, Inc. reported adjusted EPS income of $0.96 per share. By that measure, the company beat the mean analyst estimate of $0.82. It missed the average revenue estimate of $103.63 million.

Quoting Management: “We are very pleased to post another strong quarter of financial results and operating metrics, and while it remains somewhat difficult to predict the effect of the tepid global economy, we are optimistic about our outlook for the balance of 2013 and beyond,” said Eddie Capel, Manhattan Associates President and CEO. “Our competitive win rates remain strong and we continue to invest in our Supply Chain Commerce vision, leveraging our common technology platform to help industry leaders get closer to their customers and adapt in the new omni-channel world. We are also quite pleased with demand for our omni-channel solutions and continue to deliver innovative solutions to extend our market leadership.”

Key Stats (on next page)…

Revenue increased 6.13% from $96.6 million in the previous quarter. EPS increased 29.73% from $0.74 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.83 to a profit $0.84. For the current year, the average estimate has moved up from a profit of $3.22 to a profit of $3.25 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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