Manhattan Associates (MANH) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates

Wall Street analysts expect Manhattan Associates (MANH) to post quarterly earnings of $1.18 per share in its upcoming report, which indicates a year-over-year decline of 12.6%. Revenues are expected to be $271.32 million, up 1.7% from the year-ago quarter.The current level reflects an upward revision of 1.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.With that in mind, let's delve into the average projections of some Manhattan Associates metrics that are commonly tracked and projected by analysts on Wall Street.Analysts expect 'Revenue- Cloud subscriptions' to come in at $104.52 million. The estimate suggests a change of +20.9% year over year.The combined assessment of analysts suggests that 'Revenue- Maintenance' will likely reach $31.96 million. The estimate indicates a year-over-year change of -7.3%.The collective assessment of analysts points to an estimated 'Revenue- Hardware' of $6.28 million. The estimate points to a change of +27.3% from the year-ago quarter.Based on the collective assessment of analysts, 'Revenue- Services' should arrive at $126.89 million. The estimate suggests a change of -7.4% year over year.Analysts predict that the 'Revenue- Software license' will reach $1.67 million. The estimate suggests a change of -55.7% year over year. View all Key Company Metrics for Manhattan Associates here>>> Shares of Manhattan Associates have demonstrated returns of -7% over the past month compared to the Zacks S&P 500 composite's +0.9% change. With a Zacks Rank #3 (Hold), MANH is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Free Report: Profiting from the 2nd Wave of AI ExplosionThe next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.Investors who bought shares like Nvidia at the right time have had a shot at huge gains.But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.Access AI Boom 2.0 now, absolutely free >>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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks