Manhattan Associates to Announce Q4 Earnings on January 27
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Earnings Announcement Date: Manhattan Associates is set to release its Q4 2023 earnings on January 27 after market close, with consensus EPS estimated at $1.13 (down 3.4% YoY) and revenue expected at $264.69 million (up 3.5% YoY).
- Performance Consistency: Over the past two years, Manhattan Associates has beaten EPS and revenue estimates 100% of the time, demonstrating strong profitability and market confidence.
- Estimate Revision Trends: In the last three months, EPS estimates have seen two upward revisions and one downward revision, while revenue estimates have had one upward revision with no downward adjustments, indicating analysts' optimism about the company's future performance.
- Positive Market Reaction: Following Citi's upgrade of Manhattan Associates to a “Buy” rating, the company's stock price has risen, reflecting market recognition of its growth potential.
Analyst Views on MANH
Wall Street analysts forecast MANH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MANH is 224.57 USD with a low forecast of 165.00 USD and a high forecast of 250.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
6 Buy
2 Hold
0 Sell
Strong Buy
Current: 174.020
Low
165.00
Averages
224.57
High
250.00
Current: 174.020
Low
165.00
Averages
224.57
High
250.00
About MANH
Manhattan Associates, Inc. develops, sells, deploys, services and maintains software solutions designed to manage supply chains, inventory and omnichannel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations. It operates in North and Latin America; Europe, the Middle East and Africa (EMEA); and the Asia Pacific (APAC) regions. It provides companies with the tools needed to manage distribution and optimize transportation costs throughout their entire commercial network. Its solutions consist of software, services, and hardware, which coordinate people, workflows, assets, events, and tasks holistically across the functions linked in a supply chain from planning through execution. These solutions help to coordinate the actions, data exchange, and communication of participants in supply chain ecosystems, such as manufacturers, suppliers, distributors, trading partners, transportation providers, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
