The 10-second takeaway
For the quarter ended March 31 (Q1), ManTech International met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share dropped significantly.
Margins contracted across the board.
ManTech International reported revenue of $646.0 million. The 12 analysts polled by S&P Capital IQ looked for a top line of $645.2 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.54. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.58 per share. GAAP EPS of $0.54 for Q1 were 22% lower than the prior-year quarter's $0.69 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 13.0%, 80 basis points worse than the prior-year quarter. Operating margin was 5.6%, 130 basis points worse than the prior-year quarter. Net margin was 3.1%, 70 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $628.7 million. On the bottom line, the average EPS estimate is $0.56.
Next year's average estimate for revenue is $2.53 billion. The average EPS estimate is $2.26.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 310 members out of 317 rating the stock outperform, and seven members rating it underperform. Among 89 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 85 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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