The 10-second takeaway
For the quarter ended June 30 (Q2), ManTech International missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share dropped.
Margins dropped across the board.
ManTech International logged revenue of $605.1 million. The 11 analysts polled by S&P Capital IQ expected to see sales of $633.8 million on the same basis. GAAP reported sales were 5.3% lower than the prior-year quarter's $638.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.58. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.56 per share. GAAP EPS of $0.58 for Q2 were 13% lower than the prior-year quarter's $0.67 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 13.6%, 120 basis points worse than the prior-year quarter. Operating margin was 6.4%, 70 basis points worse than the prior-year quarter. Net margin was 3.6%, 30 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $632.7 million. On the bottom line, the average EPS estimate is $0.56.
Next year's average estimate for revenue is $2.54 billion. The average EPS estimate is $2.22.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 308 members out of 316 rating the stock outperform, and eight members rating it underperform. Among 98 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 93 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 underperform, with an average price target of $22.80.
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