The 10-second takeaway
For the quarter ended Dec. 31 (Q4), ManTech International missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share contracted significantly.
Margins dropped across the board.
ManTech International booked revenue of $621.8 million. The 12 analysts polled by S&P Capital IQ expected net sales of $677.5 million on the same basis. GAAP reported sales were 8.8% lower than the prior-year quarter's $681.8 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 $0.55. The 11 earnings estimates compiled by S&P Capital IQ anticipated $0.68 per share. GAAP EPS of $0.55 for Q4 were 34% lower than the prior-year quarter's $0.83 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 13.9%, 100 basis points worse than the prior-year quarter. Operating margin was 6.1%, 190 basis points worse than the prior-year quarter. Net margin was 3.2%, 130 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $658.8 million. On the bottom line, the average EPS estimate is $0.64.
Next year's average estimate for revenue is $2.58 billion. The average EPS estimate is $2.56.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 310 members out of 316 rating the stock outperform, and six members rating it underperform. Among 98 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 94 give ManTech International 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 ManTech International is underperform, with an average price target of $22.20.
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