MANH

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Manhattan Associates (MANH). This company, which is in the Zacks Computer - Software industry, shows potential for another earnings beat. This business software company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 9.42%. For the last reported quarter, Manhattan Associates came out with earnings of $1.39 per share versus the Zacks Consensus Estimate of $1.31 per share, representing a surprise of 6.11%. For the previous quarter, the company was expected to post earnings of $1.1 per share and it actually produced earnings of $1.24 per share, delivering a surprise of 12.73%. With this earnings history in mind, recent estimates have been moving higher for Manhattan Associates. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Manhattan Associates has an Earnings ESP of +1.65% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on October 27, 2026. Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric. Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Manhattan Associates, Inc. (MANH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The market expects Microsoft (MSFT) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 28. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This software maker is expected to post quarterly earnings of $4.71 per share in its upcoming report, which represents a year-over-year change of +14%. Revenues are expected to be $90.59 billion, up 16.6% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.35% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Microsoft, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.29%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination indicates that Microsoft will most likely beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Microsoft would post earnings of $4.21 per share when it actually produced earnings of $4.74, delivering a surprise of +12.59%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Microsoft appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Among the stocks in the Zacks Computer - Software industry, Manhattan Associates (MANH), is soon expected to post earnings of $1.46 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of +7.4%. This quarter's revenue is expected to be $296.82 million, up 7.6% from the year-ago quarter. The consensus EPS estimate for Manhattan Associates has been revised 0.3% higher over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +1.65%. When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Manhattan Associates will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Manhattan Associates, Inc. (MANH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Manhattan Associates (MANH) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 27. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This business software company is expected to post quarterly earnings of $1.46 per share in its upcoming report, which represents a year-over-year change of +7.4%. Revenues are expected to be $296.82 million, up 7.6% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.26% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Manhattan Associates, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.65%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination indicates that Manhattan Associates will most likely beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Manhattan Associates would post earnings of $1.31 per share when it actually produced earnings of $1.39, delivering a surprise of +6.11%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Manhattan Associates appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Another stock from the Zacks Computer - Software industry, Cadence Design Systems (CDNS), is soon expected to post earnings of $2.04 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of +5.7%. Revenues for the quarter are expected to be $1.61 billion, up 20.3% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Cadence has been revised 0.8% up to the current level. Nevertheless, the company now has an Earnings ESP of +0.56%, reflecting a higher Most Accurate Estimate. This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that Cadence will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Manhattan Associates, Inc. (MANH) : Free Stock Analysis Report Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

A month has gone by since the last earnings report for Manhattan Associates (MANH). Shares have added about 5.8% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Manhattan Associates due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important catalysts. Manhattan Associates reported second-quarter 2026 non-GAAP adjusted earnings of $1.39 per share, beating the Zacks Consensus Estimate by 6.11% and increasing 6.1% year over year.Revenues beat the consensus mark by 3.6% and climbed 9.3% year over year to $297.8 million. Management reported better-than-expected revenues and profitability, accelerating cloud growth and a sharp increase in remaining performance obligations.RPO increased to $2.47 billion as of June 30, 2026, compared to $2.35 billion as of March 31, 2026, representing 23% growth year over year. Cloud subscription revenues surged 26.2% year over year to $126.7 million. Software license revenues rose 25.9% year over year to $1.9 million, reflecting stronger deal activity within a still small revenue base. Maintenance revenues slipped 12.9% year over year to $30.5 million as customers continued migrating to cloud-native deployments. Services revenues grew 3.2% year over year to $133.0 million. Hardware revenues declined 14.4% year over year to $5.6 million.On a geographic basis, Americas revenues grew 9.9% year over year to $227 million. EMEA revenues increased 5.9% year over year to $55.4 million. APAC revenues rose 14% year over year to $15.4 million. GAAP total costs and expenses rose 16.6% year over year to $231.6 million, driven in part by an $8.3 million restructuring charge tied to the June headcount reduction. GAAP operating income declined 10.2% year over year to $66.2 million. Non-GAAP adjusted operating income increased 2.7% year over year to $103.9 million.GAAP net income declined 11.3% year over year to $50.4 million while GAAP EPS fell 8.6% year over year to 85 cents, reflecting the restructuring expense and elevated equity-based compensation costs relative to the year-ago period. Non-GAAP adjusted EPS grew 6.1% year over year to $1.39. Cash flow from operations grew 22.6% year over year to $90.7 million. Days Sales Outstanding improved to 67 days at June 30, 2026 from 72 days at March 31, 2026. Cash totaled $186.1 million at June 30, 2026, down 17.7% from $226.1 million at March 31, 2026, largely reflecting continued share repurchase activity.Capital expenditures were $1 million in the second quarter of 2026, down 74.7% year over year from $4 million in the second quarter of 2025. Manhattan Associates ended the quarter with no debt on its balance sheet.During the three months ended June 30, 2026, the company repurchased approximately 874,029 shares for a total of $125.0 million. Over the six months ended June 30, 2026, total repurchases reached 1,917,341 shares for $275.0 million. Approximately $225 million remained under the existing March 2026 repurchase authority as of quarter end. For full-year 2026, Manhattan Associates raised guidance for total revenues to a range of $1.16 billion to $1.166 billion, implying 7-8% growth. GAAP operating margin guidance is 24.2% to 24.4% while non-GAAP adjusted operating margin is expected at 35-35.2%. GAAP EPS is projected at $3.59-$3.65 while non-GAAP adjusted EPS is guided at $5.44-$5.5, representing 8-9% growth.Full-year 2026 cloud revenue guidance was raised, with the midpoint increasing to $505.5 million, implying approximately 24% growth. It turns out, estimates review have trended upward during the past month. Currently, Manhattan Associates has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. Following the exact same course, the stock was allocated a grade of F on the value side, putting it in the bottom 20% quintile for this investment strategy. Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Manhattan Associates has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Manhattan Associates belongs to the Zacks Computer - Software industry. Another stock from the same industry, Pegasystems (PEGA), has gained 9.3% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026. Pegasystems reported revenues of $420.72 million in the last reported quarter, representing a year-over-year change of +9.4%. EPS of $0.35 for the same period compares with $0.28 a year ago. Pegasystems is expected to post earnings of $0.48 per share for the current quarter, representing a year-over-year change of +60%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Pegasystems. Also, the stock has a VGM Score of B. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Manhattan Associates, Inc. (MANH) : Free Stock Analysis Report Pegasystems Inc. (PEGA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Manhattan Associates (MANH) is back in focus after releasing second quarter 2026 results and updating full year guidance, giving investors fresh data on revenue, profitability, cash returns and cloud driven growth. See our latest analysis for Manhattan Associates. The latest earnings, guidance upgrade and buyback progress have coincided with a sharp short term move, with Manhattan Associates showing a 1 day share price return of 21.32% and a 30 day share price return of 47.73%, even though the 1 year total shareholder return declined 10.49%. If this kind of momentum has you thinking about what else is moving, it could be a good time to scan for other software and automation plays through the 34 robotics and automation stocks After Manhattan Associates jumped on its latest results and guidance, the real fork in the road is clear: lean into the current price strength now, or wait and see if the valuation offers a cleaner entry later. Manhattan Associates last closed at $204.02, while the most widely followed narrative places fair value closer to $145. This frames today’s post earnings move in a very different light. Read the complete narrative. Want to understand why this narrative still assumes revenue and earnings push higher even with those headwinds in play. The story leans heavily on margin resilience, a steady ramp in cloud adoption and a premium earnings multiple that stays above the wider software sector. Curious which specific profit and revenue paths have to line up for $145 to make sense. Result: Fair Value of $145.00 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, if Manhattan Associates continues to receive industry recognition for its AI tools and secure large RPO commitments, that could lead to a reassessment of bearish valuation assumptions. Find out about the key risks to this Manhattan Associates narrative. While the most popular narrative pegs Manhattan Associates at around $145 and calls the stock overvalued, our DCF model presents a different view. At a current price of $204.02, the shares sit about 20% below an estimated future cash flow value of $256.46, which suggests an undervalued setup instead. The gap between a cautious fair value based on analyst assumptions and an SWS DCF model that finds more support in future cash flows raises a practical question: Which set of assumptions appears closer to how Manhattan Associates will execute over the next few years? Look into how the SWS DCF model arrives at its fair value. Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Manhattan Associates for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 48 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity. The split between fair value views on Manhattan Associates is clear, so treat this as a prompt to move quickly, review the underlying data and form your own stance. To see what optimistic investors are focusing on, check the 2 key rewards. If you want to turn today’s review of Manhattan Associates into a broader watchlist upgrade, use the Simply Wall Street Screener to surface fresh opportunities fast. Target quality by scanning for companies that combine strong fundamentals with robust balance sheets through the solid balance sheet and fundamentals stocks screener (48 results). Spot potential value by zeroing in on companies trading below their estimated worth using the 48 high quality undervalued stocks. Secure your income focus by checking companies that feature resilient payouts in the 9 dividend fortresses. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include MANH. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

This article first appeared on GuruFocus. Total Revenue: $298 million, up 9% year-over-year. Cloud Revenue: Increased 26% to $127 million. Service Revenue: Increased 3% to $133 million. RPO (Remaining Performance Obligations): $2.47 billion, up 23% year-over-year. Adjusted Operating Profit: $104 million with a margin of 34.9%. Adjusted EPS: $1.39, up 6% year-over-year. GAAP EPS: $0.85, down 9% due to restructuring expenses. Operating Cash Flow: Increased 22% to $91 million. Free Cash Flow Margin: 30.1%. Deferred Revenue: Increased 14% to $343 million. Cash and Cash Equivalents: $186 million with zero debt. Share Repurchases: $125 million in Q2, $275 million year-to-date. Full Year Revenue Guidance: $1.16 billion to $1.66 billion, representing 11% growth excluding license and maintenance attrition. Full Year Cloud Revenue Guidance: Increased to $505.5 million, representing 24% growth. Full Year Adjusted EPS Guidance: Increased to $5.44 to $5.50. Warning! GuruFocus has detected 4 Warning Signs with LOGI. Is MANH fairly valued? Test your thesis with our free DCF calculator. Release Date: July 28, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Manhattan Associates Inc (NASDAQ:MANH) reported record Q2 and first half results, with a 26% growth in cloud revenue. The company experienced a 23% increase in remaining performance obligations (RPO), reaching $2.5 billion. Three consecutive quarters of record bookings indicate strong business momentum and effective go-to-market strategies. The introduction of AI capabilities has become a meaningful differentiator, contributing to deal activity and pipeline growth. The company has successfully expanded its addressable market with new product packaging, offering three tiers of its solutions to cater to different market segments. The global macro environment remains volatile, which could impact future performance. Foreign exchange (FX) fluctuations posed a $3 million headwind to sequential RPO growth and a $9 million headwind to year-over-year RPO growth. Despite strong bookings, the company is not yet able to provide clear guidance on the revenue impact of its AI offerings due to limited data points. The restructuring activities led to an $8 million or $0.11 per share charge, impacting GAAP EPS. The company faces challenges in converting its on-premise customer base to cloud solutions, with less than 25% of the base having started the conversion process. Q: Can you provide more details on the potential impact of your genetic AI business on subscription revenue in the second half of 2027? A: Eric Clark, President and CEO, explained that about 10% of their installed base is either in the pilot phase or moving into subscription. While there is confidence in the offering, it's too early to provide clear guidance on the revenue impact for the second half of 2027. However, the excitement around the AI offering suggests it will be material as customers see great value in it. Q: How will the new "additions" packaging affect your sales teams and minimize potential disruption? A: Eric Clark noted that the rollout to the sales team began recently, and there is excitement as it opens new markets. The "Enterprise Premier" addition is what they have been selling for years, and the new tiers allow customers to start on the active platform and grow without replatforming. This approach is expected to expand market opportunities without causing friction in the sales process. Q: How did the RPO bookings compare to internal expectations, and what role did AI play in this? A: Eric Clark stated that the strong RPO bookings were not due to timing but rather an increase in deal volume, driven by strategic investments made a year ago. AI contributed to both revenue and RPO, but it's still early to break out specific contributions. The AI offering is contributing to the upside in cloud revenue. Q: Can you elaborate on the success of AI agent deployments and their impact on labor costs? A: Eric Clark explained that AI agents help resolve exceptions in warehouse operations, leading to significant improvements in efficiency. Customers have reported reductions in labor costs and overtime, but the bigger value comes from addressing exceptions, which can lead to substantial savings across multiple warehouses. Q: What changes have been made to the partner ecosystem to support the mid-market distribution with the Essentials edition? A: Eric Clark highlighted that a year ago, they made a bigger commitment to maturing their partner ecosystem. This has resulted in a fourfold increase in partner-sourced deals and a doubling of new partner consultant certifications. This enhanced partner engagement is crucial for the success of the Essentials edition in the mid-market. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Manhattan Associates MANH reported second-quarter 2026 non-GAAP adjusted earnings of $1.39 per share, beating the Zacks Consensus Estimate by 6.11% and increasing 6.11% year over year.Revenues beat the consensus mark by 3.76% and climbed 9.31% year over year to $297.8 million. Management reported better-than-expected revenues and profitability, accelerating cloud growth, and a sharp increase in remaining performance obligations.RPO increased to $2.47 billion as of June 30, 2026, compared to $2.35 billion as of March 31, 2026, representing 23% growth year over year. Manhattan Associates, Inc. price-consensus-eps-surprise-chart | Manhattan Associates, Inc. Quote Cloud subscription revenues surged 26.19% year over year to $126.7 million. Software license revenues rose 25.85% year over year to $1.9 million, reflecting stronger deal activity within a still small revenue base. Maintenance revenues slipped 12.93% year over year to $30.5 million as customers continued migrating to cloud native deployments. Services revenues grew 3.22% year over year to $133.0 million. Hardware revenues declined 14.37% year over year to $5.6 million.On a geographic basis, Americas revenues grew 9.88% year over year to $227 million. EMEA revenues increased 5.88% year over year to $55.4 million. APAC revenues rose 13.99% year over year to $15.4 million. GAAP total costs and expenses rose 16.58% year over year to $231.6 million, driven in part by an $8.3 million restructuring charge tied to the June headcount reduction. GAAP operating income declined 10.24% year over year to $66.2 million. Non-GAAP adjusted operating income increased 2.75% year over year to $103.9 million.GAAP net income declined 11.32% year over year to $50.4 million while GAAP diluted EPS fell 8.6% year over year to 85 cents, reflecting the restructuring expense and elevated equity-based compensation costs relative to the year-ago period. Non-GAAP adjusted diluted EPS grew 6.11% year over year to $1.39. Cash flow from operations grew 22.57% year over year to $90.7 million. Days Sales Outstanding improved to 67 days at June 30, 2026 from 72 days at March 31, 2026. Cash totaled $186.1 million at June 30, 2026, down 17.69% from $226.1 million at March 31, 2026, largely reflecting continued share repurchase activity.Capital expenditures were $1 million in the second quarter of 2026, down 74.75% year over year from $4 million in the second quarter of 2025. Manhattan Associates ended the quarter with no debt on its balance sheet.During the three months ended June 30, 2026, the company repurchased approximately 874,029 shares for a total of $125.0 million. Over the six months ended June 30, 2026, total repurchases reached 1,917,341 shares for $275.0 million. Approximately $225 million remained under the existing March 2026 repurchase authority as of quarter end. For full-year 2026, Manhattan Associates raised guidance for total revenues to a range of $1.16 billion to $1.166 billion, implying 7-8% growth. GAAP operating margin guidance is 24.2% to 24.4% while non-GAAP adjusted operating margin is expected at 35-35.2%. GAAP EPS is projected at $3.59-$3.65 while non-GAAP adjusted EPS is guided at $5.44-$5.5, representing 8-9% growth.Full-year 2026 cloud revenue guidance was raised, with the midpoint increasing to $505.5 million, implying approximately 24% growth. MANH currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader Zacks Computer and Technology sector are Analog Devices ADI, Applied Materials AMAT and Cisco Systems CSCO, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Shares of Analog Devices have rallied 34.8% year to date. The Zacks Consensus Estimate for ADI’s fiscal 2026 earnings is pegged at $12.42 per share, up by 10 cents over the past 30 days, indicating an increase of 59.4% year over year.Shares of Applied Materials have skyrocketed 85.4% year to date. The Zacks Consensus Estimate for AMAT’s fiscal 2026 earnings is pegged at $12.14 per share, up by 4 cents over the past 30 days, indicating a rise of 28.9% year over year.Cisco Systems shares have surged 50% year to date. The Zacks Consensus Estimate for CSCO’s fiscal 2026 earnings is pegged at $4.28 per share, unchanged over the past 30 days, indicating an increase of 12.3% year over year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Manhattan Associates, Inc. (MANH) : Free Stock Analysis Report Analog Devices, Inc. (ADI) : Free Stock Analysis Report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Manhattan Associates (MANH) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $1.31 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +6.11%. A quarter ago, it was expected that this business software company would post earnings of $1.1 per share when it actually produced earnings of $1.24, delivering a surprise of +12.73%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Manhattan Associates, which belongs to the Zacks Computer - Software industry, posted revenues of $297.79 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.60%. This compares to year-ago revenues of $272.42 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Manhattan Associates shares have lost about 8.1% since the beginning of the year versus the S&P 500's gain of 8.3%. While Manhattan Associates has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Manhattan Associates was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.43 on $295.76 million in revenues for the coming quarter and $5.33 on $1.15 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer - Software is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Smith Micro Software, Inc. (SMSI), another stock in the same industry, has yet to report results for the quarter ended June 2026. This company is expected to post quarterly loss of $0.10 per share in its upcoming report, which represents a year-over-year change of +85.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Smith Micro Software, Inc.'s revenues are expected to be $4.8 million, up 8.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Manhattan Associates, Inc. (MANH) : Free Stock Analysis Report Smith Micro Software, Inc. (SMSI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Manhattan Associates, Inc.? Here are five stocks we like better. Record Q2 performance: Revenue rose 9% year over year to $298 million, driven by 26% cloud growth to $127 million. RPO increased 23% to $2.47 billion, while adjusted EPS rose 6% to $1.39. Cloud and AI momentum: On-premises conversions generated more than 40% of new cloud bookings, and Manhattan Active Agents reached over 10% of the installed base through pilots or subscriptions. The company reported a 100% pilot-to-subscription conversion rate so far, although AI remains a small revenue contributor. 2026 outlook raised: Manhattan increased its full-year revenue outlook to $1.16 billion-$1.166 billion, with adjusted EPS of $5.44-$5.50 and an adjusted operating margin target of about 35.1%. New product editions are also intended to expand the company’s addressable market and support additional cloud conversions. 3 Low P/E Stock ETFs for Hungry Value Investors Manhattan Associates (NASDAQ:MANH) reported record second-quarter and first-half results for 2026, citing accelerating cloud revenue, three consecutive quarters of record bookings and growth in remaining performance obligations amid what executives described as a volatile global macroeconomic environment. President and Chief Executive Officer Eric Clark said the company’s momentum was driven by continued product innovation and sales-and-marketing investments announced a year ago. Those investments included product-focused sales specialists, teams dedicated to on-premises-to-cloud conversions and renewals, expanded partner channels, and forward-deployed engineers supporting the company’s agentic artificial intelligence offerings. → Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit “Three consecutive quarters of record bookings give us confidence that our go-to-market approach is working,” Clark said. Second-quarter total revenue rose 9% year over year to $298 million. Excluding license and maintenance revenue, which has been declining as customers transition to cloud subscriptions, total revenue increased 13%. → This Tiny AI Supplier Could Be More Important Than the Chipmakers Cloud revenue increased 26% to $127 million, while services revenue rose 3% to $133 million. Chief Financial Officer Linda said cloud revenue outperformed expectations because of strong execution and upsells, which can generate revenue more quickly. About $1 million of implementation work also shifted from the third quarter into the second quarter. Remaining performance obligations, or RPO, totaled $2.47 billion at quarter-end, up 23% from a year earlier and 5% sequentially. Foreign exchange was an approximately $3 million headwind to sequential RPO growth and a roughly $9 million headwind to year-over-year RPO growth, Linda said. → 2 Stocks Built to Thrive If Inflation Refuses to Fade Clark said conversions from on-premises software to Manhattan Active accounted for more than 40% of new cloud bookings during the quarter. New logos represented more than 25% of new cloud bookings, while the company’s win rate remained above 70%. Sales to existing customers also accelerated, he said. Executives said the stronger conversion activity represented less than 2% of the company’s conversion base during the quarter. Fewer than 25% of the company’s on-premises customer base had begun the conversion process, Clark said, leaving what he characterized as a sizable opportunity. Adjusted operating profit was $104 million, producing a 34.9% adjusted operating margin. Adjusted earnings per share increased 6% to $1.39. GAAP earnings per share declined 9% to $0.85, reflecting about $8 million, or $0.11 per share, in restructuring expense. Operating cash flow rose 22% to $91 million, while free-cash-flow margin was 30.1%. The company ended the quarter with $186 million in cash and no debt. Manhattan repurchased $125 million of shares during the quarter and $275 million year to date. It had $225 million remaining under its share repurchase authorization announced in March. Clark said Manhattan Active Agents are becoming a more meaningful differentiator in customer discussions and contributed to both deal activity and pipeline growth. The offering includes prebuilt agents that can be activated immediately, as well as an Agent Foundry that allows customers to build and deploy custom agents with assistance from Manhattan’s forward-deployed engineers. The company said the agents are embedded in its cloud-native platform, reducing the need for customers to implement external data lakes. Clark said the technology combines deterministic workflows with probabilistic AI, using probabilistic models primarily for exception handling where they add value. Since launching in the first quarter, Active Agents have reached more than 10% of the company’s Active install base through pilots or subscriptions. Manhattan said it has experienced a 100% conversion rate from AI pilot programs to subscriptions so far, though Clark cautioned that the offering has been commercially available for only two quarters and that the company does not yet have enough data to provide revenue guidance. Linda said AI agents contributed to the company’s cloud revenue upside during the second quarter, but remained a relatively small contributor and were expected to remain so through the rest of 2026. Unlike other applications that generate revenue as deployments ramp, AI agents can be activated at full subscription value on the first day, executives said. Clark cited customer operating results that included an 87% reduction in short picks at a healthcare products distributor, a 49% reduction in late shipment departures at a regional grocer, and a 21% reduction in order cycle time at the same grocer. Manhattan also announced three editions of its Manhattan Active solutions: Enterprise Premier, Enterprise and Essentials. Clark said the initiative changes packaging and pricing rather than introducing new products. Enterprise Premier represents the company’s full-featured offering for the most complex supply chain and commerce operations. Enterprise is designed to give lower-volume or lower-complexity warehouse-management customers access to Active Warehouse rather than the company’s SCALE product, with a more prescribed feature set, lower subscription pricing and a rapid implementation methodology. The Essentials edition is intended to extend warehouse, transportation, order-management and store capabilities to smaller companies, less complex sites within large enterprises and additional geographic markets at a lower cost than the Premier offering. Clark described the editions as “a ladder, not a menu of different products,” allowing customers to begin on the Active platform and add functionality over time without replatforming. He said the initiative should create additional conversion opportunities among on-premises customers and broaden the market for smaller sites at existing enterprise clients. The company began introducing the packaging to its sales organization during its midyear sales meeting. Clark said management does not expect material sales disruption because Manhattan was already pursuing similar customer segments with SCALE. Management raised its full-year outlook for revenue, operating margin and earnings per share. The company expects RPO to finish toward the high end of its prior $2.62 billion to $2.68 billion target range, representing growth of 18% to 20%. Manhattan now expects full-year revenue of $1.16 billion to $1.166 billion, with a midpoint of $1.163 billion. The outlook represents 11% growth excluding license and maintenance attrition and 8% growth on an all-in basis. The forecast assumes foreign exchange will be neutral for the full year, compared with prior expectations for a one-percentage-point tailwind. The company raised its cloud revenue midpoint to $505.5 million, representing 24% growth, and expects services revenue to rise 2% to $513.5 million. It forecast a full-year adjusted operating margin of about 35.1% and adjusted EPS of $5.44 to $5.50. For the third quarter, Manhattan reaffirmed its total revenue target of $294 million to $298 million and expects adjusted EPS of $1.45. It is targeting approximately $287 million of revenue and adjusted EPS of $1.37 for the fourth quarter, accounting for retail peak-seasonality effects. Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time. Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Manhattan Associates Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.