The 10-second takeaway
For the quarter ended June 30 (Q2), ManTech International whiffed on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share dropped significantly.
Gross margins expanded, operating margins dropped, and net margins dropped.
ManTech International booked revenue of $638.9 million. The 13 analysts polled by S&P Capital IQ wanted to see revenue of $738.3 million on the same basis. GAAP reported sales were 15% lower than the prior-year quarter's $752.7 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 $0.67. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.77 per share. GAAP EPS of $0.67 for Q2 were 32% lower than the prior-year quarter's $0.99 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 14.8%, 40 basis points better than the prior-year quarter. Operating margin was 7.0%, 90 basis points worse than the prior-year quarter. Net margin was 3.9%, 90 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $672.4 million. On the bottom line, the average EPS estimate is $0.67.
Next year's average estimate for revenue is $2.66 billion. The average EPS estimate is $2.75.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 293 members rating the stock outperform and six members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 63 give ManTech International a green thumbs-up, and three 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 $30.50.
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