Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Z ...

He also leads the investing group IPO Edge , which offers actionable information on growth stocks through first-look S-1 filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to init ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks bey ...

Manhattan Associates (MANH) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Indi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [Mark One] ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 0-23999 MANHATTAN ASSOCIATES, INC. (Exact Name of Registrant as Specified in Its Charter) Georgia 58- ...

Core Insights - Manhattan Associates (MANH) reported third-quarter 2024 adjusted earnings of $1.35 per share, exceeding the Zacks Consensus Estimate by 27.36% and reflecting a year-over-year increase of 28.6% [1] - Net sales for the quarter reached $266.7 million, marking an 11.8% year-over-year growth and surpassing the consensus estimate by 1.26% [1] - The company experienced strong growth in cloud and service revenues, particularly from its Manhattan Active Supply Chain Planning offering [1] Financial Performance - Cloud subscriptions, accounting for 32.4% of net sales, generated revenues of $86.5 million, up 33% year over year, beating the consensus estimate by 1.9% [2] - Service sales, which made up 51.4% of net sales, totaled $137 million, reflecting a 7.1% year-over-year increase and exceeding the consensus estimate by 0.84% [2] - Software license sales, representing 1.4% of net sales, were $3.8 million, down 2.8% year over year but significantly beating the consensus estimate by 94.92% [2] - Maintenance sales, at 12.9% of net sales, were $34.5 million, down 2.3% year over year, yet beating the Zacks Consensus Estimate by 1.6% [2] - Hardware sales, comprising 1.9% of net sales, were $4.9 million, down 1.9% year over year and missing the consensus estimate by 29.51% [2] - Remaining Performance Obligations (RPO) increased by 27.2% year over year to $1.7 billion [2] Geographical Performance - Revenues from the Americas, which accounted for 77.2% of net sales, were $205.8 million, up 10.7% year over year [3] - Revenues from EMEA, making up 17.6% of net sales, reached $48.08 million, up 14.4% year over year [3] - Revenues from APAC, representing 4.6% of net sales, were $12.74 million, reflecting a 24% year-over-year increase [3] Expense Management - Selling and marketing expenses as a percentage of revenues decreased by 120 basis points year over year to 6.2% [4] - Research and Development expenses as a percentage of revenues declined by 100 basis points year over year to 12.9% [4] - General and Administrative expenses as a percentage of revenues fell by 130 basis points year over year to 7.6% [4] - Adjusted operating income increased by 36.5% year over year to $98.9 million [4] Balance Sheet and Share Repurchase - As of September 30, 2024, cash and cash equivalents stood at $214.9 million, up from $202.7 million as of June 30, 2024 [4] - During the quarter, the company repurchased 194,712 shares for $49.7 million and authorized an additional $75 million for share repurchase in October 2024 [4] Guidance - For fiscal 2024, Manhattan Associates expects earnings between $3.47 and $3.49 per share, indicating a growth of 23% to 24% year over year [5] - Revenue guidance for fiscal 2024 is projected between $1.03 billion and $1.04 billion [5] - RPO for fiscal 2024 is anticipated to be between $1.75 billion and $1.8 billion [5] - The adjusted operating margin for fiscal 2024 is expected to be in the range of 34% to 34.1% [5] - The Zacks Consensus Estimate for fiscal 2024 revenues is $1.04 billion, suggesting an 11.96% year-over-year increase [5] Market Performance - Manhattan Associates currently holds a Zacks Rank 3 (Hold) and has seen a year-to-date share price increase of 35.8%, outperforming the Zacks Computer and Technology sector's rise of 27.5% [6] - Comparatively, Arista Networks, Onto Innovation, and Fortinet are better-ranked stocks in the sector, each holding a Zacks Rank 2 (Buy) [6]

Manhattan Associates (MANH) reported $266.68 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 11.8%. EPS of $1.35 for the same period compares to $1.05 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $263.36 million, representing a surprise of +1.26%. The company delivered an EPS surprise of +27.36%, with the consensus EPS estimate being $1.06.While investors scrutinize revenue and earnings changes year-over-year and how they comp ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2024 increased by 12% to $267 million, with adjusted earnings per share rising by 29% to $1.35, both metrics exceeding expectations [5][21] - Remaining performance obligation (RPO) grew by 27% to approximately $1.7 billion, with a solid demand outlook for Q4 [7][20] - Adjusted operating profit reached $99 million, resulting in an adjusted operating margin of 37.1%, up 670 basis points year-over-year [21][24] Business Line Data and Key Metrics Changes - Cloud subscription revenue surged by 33% to $86 million, contributing significantly to overall revenue growth [5][20] - Global services revenue totaled $137 million, up 7%, driven by cloud sales fueling services revenue growth [20][21] - 14% of new bookings were generated from net new logos, indicating a healthy mix of conversions, upsells, and cross-sells [9][36] Market Data and Key Metrics Changes - 80% of deals in Q3 came from retail, manufacturing, and wholesale sectors, showcasing a diverse sub-vertical mix [8] - The global pipeline remains at record levels, with win rates around 70%, indicating strong market demand despite macroeconomic challenges [8][20] Company Strategy and Development Direction - The company is focused on delivering market-leading innovation and expanding its product offerings, including the recent launch of the Manhattan Active Supply Chain Planning solution [6][10] - Continued investment in R&D and sales and marketing is aimed at leveraging new revenue streams and enhancing competitive advantage [24][26] - The company is optimistic about achieving the high end of its 2024 RPO bookings guidance and has provided preliminary targets for 2025 [23][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in business fundamentals and the ability to navigate a challenging macro environment, with robust demand for solutions and high customer satisfaction [6][28] - The company anticipates a solid start to Q4, with some deals that slipped from Q3 expected to close, although budget flush is not anticipated [30][31] - Management remains cautious about the impact of global macro factors and upcoming elections on customer decision-making [42] Other Important Information - The company ended the quarter with $215 million in cash and zero debt, having repurchased $50 million in shares during Q3 [22][24] - For 2025, the company targets total revenue of $1.13 billion to $1.14 billion, representing 9% to 10% growth, with cloud revenue expected to grow by 23% [26][27] Q&A Session Summary Question: Insights on Q4 performance and deal closures - Management noted a good start to Q4, with some deals from Q3 closing and others expected to close early in Q4, reiterating full-year RPO guidance [30] Question: Services side and customer frugality - Management indicated improved efficiency in service implementations and a healthy mix of system integrators contributing to service delivery [32] Question: Share of bookings from new logos - The 14% from new logos was noted as the lowest in some time, with expectations to return to historical norms in Q4 [36] Question: Delayed deals and commonalities - No specific commonality was identified for delayed deals, with some customers waiting for external factors like elections [42] Question: Cloud migration progress - Approximately 20% of the customer base has migrated to the cloud, tracking towards a six-year trajectory for broader migration [46] Question: Duration of contracts - The average duration of contracts has remained stable around 5.5 years, contributing positively to RPO [47] Question: Margin upside and execution - Strong execution in cloud and services contributed to margin improvements, with a favorable mix driving performance [49]

Manhattan Associates (MANH) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $1.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 27.36%. A quarter ago, it was expected that this business software company would post earnings of $0.96 per share when it actually produced earnings of $1.18, delivering a surprise of 22.92%.Over the last four ...