Manhattan Associates (MANH) Reports Earnings Tomorrow: What To Expect
Manhattan Associates beat analysts' revenue expectations by 2.3% last quarter, reporting revenues of $262.8 million, up 3.2% year on year. It was a very strong quarter for the company, with an impressive beat of analysts' EBITDA estimates and full-year EPS guidance beating analysts' expectations.
Is Manhattan Associates a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Manhattan Associates's revenue to be flat year on year at $263.6 million, slowing from the 14.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.13 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Manhattan Associates has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 3.9% on average.
Looking at Manhattan Associates's peers in the software-as-a-service segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Adobe delivered year-on-year revenue growth of 10.6%, beating analysts' expectations by 1.5%, and Paychex reported revenues up 10.2%, falling short of estimates by 1.1%. Adobe traded down 5.3% following the results while Paychex was also down 7.4%.
Read our full analysis of Adobe's results here and Paychex's results here.
There has been positive sentiment among investors in the software-as-a-service segment, with share prices up 5% on average over the last month. Manhattan Associates is up 4.6% during the same time and is heading into earnings with an average analyst price target of $206.11 (compared to the current share price of $201.50).
Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 minutes ago
- Yahoo
Sony explores sale of cellular chipsets business, sources say
By Milana Vinn NEW YORK (Reuters) -Sony Group is exploring a sale of its unit that provides cellular chipsets for connected devices, as the group shifts its focus to the entertainment segment, according to three people familiar with the matter. The Japanese technology and entertainment conglomerate is working with investment bankers on the sale of Sony Semiconductor Israel, which is currently in the early stages, the sources said. It generates about $80 million in annual recurring revenue and is expected to be valued at close to $300 million in any deal, the sources said. The business is expected to attract interest from financial sponsors and semiconductor industry players, added the sources. Sony declined to comment. The sources requested anonymity as the matter is not public. Formerly called Altair Semiconductor, Sony Semiconductor Israel provides cellular chipsets for connected devices such as wearables, smart meters, and home appliances. Sony acquired the business in 2016 for $212 million. Sony has been increasing its focus on games, movies, and music, with more than 60% of its profit coming from entertainment last year. As part of its portfolio reshaping, Sony is preparing for a partial spinoff and direct listing of its financial services arm later this year. A leading maker of image sensors, Sony said in April it is considering options for its chips division, including bringing in investment partners or adopting a fab-light strategy. Sign in to access your portfolio
Yahoo
5 minutes ago
- Yahoo
NIQ valued at $6.1 billion as shares dip in NYSE debut
(Reuters) -NIQ Global's shares fell 3.6% in their NYSE debut on Wednesday, giving the Advent-backed consumer insights company a valuation of $6.1 billion. The lukewarm reception marks a setback in an otherwise strong run for IPOs as solid equity markets and upbeat debuts had encouraged investors to look past tariff-related volatility. NIQ's stock opened at $20.25 per share, compared with the IPO price of $21 per share. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 minutes ago
- Yahoo
Insuring a salvage car is possible. Here's how.
You can buy a salvage car on the cheap, but you may not want to. A car receives a salvage title after an auto insurance company deems the vehicle a total loss. This happens when the expected repairs will cost more than the car is worth. Insuring a salvage car can be a challenge, but it is possible — here's what you need to know about the process. Learn more: How does car insurance work? The basics explained. Can you insure a salvage title car? You can't insure a salvage title vehicle as is. A total loss declaration implies the car has been damaged extensively and may be unsafe to drive. The incidents that can lead to a total loss declaration include serious collisions, extreme weather, fire, or vandalism. These can result in structural, electrical, and safety systems issues. And since the car insurance company chose not to repair the car, the full extent of the damage may still be unknown. Insurance underwriters generally consider unsafe vehicles too risky to insure. State motor vehicle departments also don't want dangerous cars on the road. For these reasons, you must complete repairs and have the car inspected before it can be insured. Learn more: What happens when your car is totaled? How to get salvage title car insurance Ideally, you should begin the process of insuring a salvage title before you buy the vehicle. Each state has different regulations for salvage cars, so it's helpful to know what to expect before you commit to the purchase and the process. After reviewing your state regulations and buying the car, you'll want to get it repaired and inspected prior to securing insurance and an updated title. Follow these steps to insure a salvage vehicle. Step 1: Review the laws in your state Your state sets the rules for titling salvage vehicles. Before you invest in a total-loss car, research your state's requirements for repairs, titling, inspection, and insurance. Learn more: Minimum car insurance requirements in all 50 states Step 2: Buy the car Some states prohibit individuals from buying salvage title cars. If you're not an auto dealer, dismantler, or exporter, you may have to wait until the car is rebuilt to buy it. If you can purchase the car, get a bill of sale that includes the car's year, make, model, and VIN. Learn more: How your vehicle's make and model affect car insurance costs Step 3: Complete the repairs Some states require salvage car rebuilders to be licensed. If you have mechanical expertise, you may be able to obtain a license and complete the repairs yourself. Be sure to document your work with photographs before, during, and after the repairs. Keep the old parts and all receipts. Alternatively, you can find a licensed rebuilder to complete the repairs for you. Step 4: Get an inspection Depending on your state's rules, your DMV inspector may ask to see a bill of sale, repair receipts, and replaced parts. Some DMVs focus on verifying that the car was not stolen and doesn't use stolen parts. Other states may want a detailed report of the repairs made. Note that you can't drive your repaired salvage car to the DMV because it's not yet legally roadworthy. Make arrangements to have it towed or speak to your local DMV about other options available. Learn more: Does car insurance cover theft? Step 5: Secure insurance Some states, like Texas and Florida, may require you to insure the car before you apply for a rebuilt title. Not all insurers offer the right coverage. You may have to present a bill of sale, documentation of repairs, and the state inspection report. Step 6: Apply for a rebuilt title with the DMV You need a rebuilt title to drive the car legally on public roads. Applying for a rebuilt title usually involves forms, fees, and documentation. If your state doesn't require proof of insurance with the application, plan on insuring the car immediately after registration. Where to start: Although not all insurance companies will insure a salvage title, Allstate, GEICO, Farmers, State Farm, Liberty Mutual, 21st Century, National General, Safeco, Nationwide, and Infinity are some options that do. Als Nächstes Als Nächstes How much does it cost to insure a salvage car? Insurance premiums are higher on salvage cars that have been repaired and inspected versus cars with standard titles. The vehicle's condition before and after the repairs may be factors. For example, GEICO will insure rebuilt title vehicles for as low as $55/month, according to Clearsurance. What's the difference between a salvage title and a rebuilt title? Salvage titles are reserved for totaled cars that have not been repaired, inspected, and registered. You can't legally drive a salvage title car on public roads. Rebuilt titles apply to previously damaged vehicles that have been repaired, inspected, and registered. Some states use other names for this title class, such as rebuilt salvage, reconstructed, or restored salvage. You can legally drive and insure a car with a rebuilt title. Expert tip: With standard titles, you have many full coverage plans to consider. But when it comes to a salvage title, it's unlikely you'll have any full coverage options — unless it's repaired and you're able to convert the title from salvage to a rebuilt title car. Insuring salvaged cars FAQs Can I get full coverage on a salvage vehicle? Some insurers may offer full coverage on salvage vehicles at their discretion, but only after the car has been repaired and inspected. Out of all the types of car insurance, liability insurance will be the easiest to find. Uninsured motorist, personal injury protection, and medical payments coverage may also be readily available. However, comprehensive insurance and collision insurance are more difficult to obtain for salvage cars. Learn more: Liability-only vs. full coverage car insurance: Which is better for you? Does it cost more to insure a salvage car? Yes, salvage cars are more expensive to insure. You should budget more for insurance on your salvage car than what you'd pay for a vehicle with a standard title. Do I have to disclose a salvage title to my insurance company? Yes, you must disclose a salvage title to your insurance company. Your insurance provider can easily research the vehicle history and its title status. Withholding the information could result in your insurance policy getting canceled or your insurance claim getting denied. Learn more: How to file a car insurance claim Why is salvage insurance so high? Salvage insurance is expensive because these cars may have many lingering and unknown issues after being rebuilt. Any problems with structural parts, electronic components, or safety systems could raise the likelihood of another accident or increase the cost of repairs later on. Learn more: How much does car insurance increase after an accident? Jamie Young and Tim Manni edited this article.
