Earnings Outlook For Manhattan Associates
Portfolio Pulse from Benzinga Insights
Manhattan Associates (NASDAQ:MANH) is expected to release its quarterly earnings report on January 30, 2024. Analysts predict an EPS of $0.80. Investors are looking for an earnings beat and positive guidance for future growth. Historically, MANH has surpassed EPS estimates, resulting in varied stock price reactions. Shares are currently trading at $219.76, with a 71.37% increase over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
January 29, 2024 | 5:00 pm
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Manhattan Associates is anticipated to report an EPS of $0.80 for the upcoming quarter. Past earnings beats have led to mixed stock price movements. With shares up 71.37% over the past year, investors are optimistic.
Given Manhattan Associates' history of surpassing EPS estimates and the positive stock performance over the past year, there is a likelihood of a positive short-term impact on the stock price if the company beats the EPS estimate again and provides favorable future guidance. However, the market's reaction can be unpredictable, as seen in the mixed price changes post-earnings in previous quarters.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100