Manhattan Associates Q1 2024 Adj EPS $1.03 Beats $0.87 Estimate, Sales $254.552M Beat $243.413M Estimate
Portfolio Pulse from Benzinga Newsdesk
Manhattan Associates (NASDAQ:MANH) reported Q1 2024 earnings of $1.03 per share, surpassing the $0.87 estimate, a 71.67% increase from last year. Sales reached $254.552M, beating the $243.413M estimate, marking a 15.18% increase from the previous year.
April 23, 2024 | 8:15 pm
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POSITIVE IMPACT
Manhattan Associates reported a significant beat on both earnings and sales estimates for Q1 2024, with a notable year-over-year growth.
The substantial beat on both earnings per share and sales estimates, coupled with significant year-over-year growth, is likely to positively impact investor sentiment and the stock price in the short term. The earnings beat by 18.39% and sales beat by 4.58%, along with a 71.67% increase in earnings per share and a 15.18% increase in sales from the previous year, highlight strong financial performance and operational efficiency, which are key drivers of stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100