Manhattan Associates (MANH) To Report Earnings Tomorrow: Here Is What To Expect

Supply chain optimization software maker Manhattan Associates (NASDAQ:MANH) will be announcing earnings results tomorrow after market hours. Here's what you need to know.

Last quarter Manhattan Associates reported revenues of $238.4 million, up 20.4% year on year, beating analyst revenue expectations by 5.4%. It was a very strong quarter for the company, with a solid beat of analysts' revenue estimates and full-year revenue guidance beating analysts' expectations.

Is Manhattan Associates buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Manhattan Associates's revenue to grow 13% year on year to $223.9 million, slowing down from the 15.5% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.80 per share.

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 6.9%.

Looking at Manhattan Associates's peers in the software as a service segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. ServiceNow delivered top-line growth of 25.6% year on year, beating analyst estimates by 1.5% and Agilysys reported revenues up 21.3% year on year, exceeding estimates by 0.8%. ServiceNow traded up 5.9% on the results, and Agilysys was flat on the results.

Read our full analysis of ServiceNow's results here and Agilysys's results here.

There has been positive sentiment among investors in the software as a service segment, with the stocks up on average 2.9% over the last month. Manhattan Associates is up 5.8% during the same time, and is heading into the earnings with analyst price target of $219.6, compared to share price of $218.8.

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The author has no position in any of the stocks mentioned.