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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