The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Manhattan Associates beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.
Gross margins dropped, operating margins expanded, net margins grew.
Manhattan Associates chalked up revenue of $95.4 million. The three analysts polled by S&P Capital IQ predicted revenue of $92.2 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $83.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.71. The four earnings estimates compiled by S&P Capital IQ forecast $0.66 per share. GAAP EPS of $0.63 for Q4 were 26% higher than the prior-year quarter's $0.50 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 54.6%, 360 basis points worse than the prior-year quarter. Operating margin was 20.0%, 60 basis points better than the prior-year quarter. Net margin was 13.1%, 50 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $96.8 million. On the bottom line, the average EPS estimate is $0.71.
Next year's average estimate for revenue is $410.6 million. The average EPS estimate is $3.10.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 30 members out of 44 rating the stock outperform, and 14 members rating it underperform. Among 15 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 11 give Manhattan Associates a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Manhattan Associates is outperform, with an average price target of $65.00.
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