Manhattan Associates Earnings: Here’s Why Investors are Buying Shares 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. Shares are up 4.53%.

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Manhattan Associates, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 23.33% to $0.74 in the quarter versus EPS of $0.60 in the year-earlier quarter.

Revenue: Rose 5.6% to $96.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Manhattan Associates, Inc. reported adjusted EPS income of $0.74 per share. By that measure, the company beat the mean analyst estimate of $0.68. It missed the average revenue estimate of $97.85 million.

Quoting Management: Manhattan Associates President and CEO Eddie Capel commented, “We’re very pleased with our first quarter performance. We posted solid financial results and our competitive win rates remain strong. While it remains somewhat difficult to predict the effect of the sluggish global economy, we are well positioned for a solid year in 2013 and beyond.”

Key Stats (on next page)…

Revenue increased 1.3% from $95.36 million in the previous quarter. EPS increased 4.23% from $0.71 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 $0.80 to a profit $0.83. For the current year, the average estimate has moved up from a profit of $3.10 to a profit of $3.18 over the last ninety days.

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