ManTech International
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), ManTech International missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share dropped significantly.
Gross margins grew, operating margins dropped, net margins shrank.
Revenue details
ManTech International reported revenue of $645.0 million. The 14 analysts polled by S&P Capital IQ predicted sales of $665.7 million on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $734.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.66. The 12 earnings estimates compiled by S&P Capital IQ predicted $0.68 per share. GAAP EPS of $0.66 for Q3 were 30% lower than the prior-year quarter's $0.94 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 14.5%, 10 basis points better than the prior-year quarter. Operating margin was 6.6%, 140 basis points worse than the prior-year quarter. Net margin was 3.8%, 90 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $681.8 million. On the bottom line, the average EPS estimate is $0.70.
Next year's average estimate for revenue is $2.66 billion. The average EPS estimate is $2.74.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 305 members out of 311 rating the stock outperform, and six members rating it underperform. Among 77 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 73 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 hold, with an average price target of $26.50.
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