The 10-second takeaway
For the quarter ended March 31 (Q1), ManTech International missed slightly on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted significantly.
Margins contracted across the board.
ManTech International logged revenue of $676.5 million. The 12 analysts polled by S&P Capital IQ looked for revenue of $688.0 million on the same basis. GAAP reported sales were 3.5% lower than the prior-year quarter's $700.9 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 $0.69. The 13 earnings estimates compiled by S&P Capital IQ averaged $0.78 per share. GAAP EPS of $0.69 for Q1 were 21% lower than the prior-year quarter's $0.87 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 13.8%, 60 basis points worse than the prior-year quarter. Operating margin was 6.8%, 120 basis points worse than the prior-year quarter. Net margin was 3.8%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $761.3 million. On the bottom line, the average EPS estimate is $0.88.
Next year's average estimate for revenue is $3.04 billion. The average EPS estimate is $3.47.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 281 members rating the stock outperform and seven members rating it underperform. Among 80 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 75 give ManTech International a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ManTech International is hold, with an average price target of $35.00.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of ManTech International. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.