Manhattan Associates (MANH, $76.84) beats Q3 expectations; boosts full-year guidance
Manhattan Associates Inc. reported third quarter earnings and revenue – both of which surpassed analysts estimates.
The provider of supply chain and omnichannel technology’s third-quarter net income of $27.1 million (or $0.42 per share), was lower than the year-ago quarter’s $28.5 million (or $0.43 per share last year). Adjusted earnings , however, increased to $0.51 per share (from $0.49 per share last year). Analysts surveyed by Thomson Reuters were expecting earnings of $0.36 per share.
Total revenues for the third quarter increased to $162.3 million (from $142.4 million in the year-ago quarter), thereby beating analysts’ expectation of $151.64 million for the quarter.
License revenues in the quarter increased to $15.5 million (from $11.5 million of year-ago quarter). Cloud subscription revenue climbed to $14.2 million (from $6.5 million a year ago). Service revenue increased to $91.6 million (from $84.1 million in the year-ago quarter).
Looking ahead, Manhattan Associates raised its full-year 2019 adjusted earnings guidance to a range of $1.63 to $1.65 per share (vs. prior guidance of $1.46 to $1.50). The projection is also higher than analysts’ current forecast of $1.48 per share.
The company has projected full-year revenues range of $610 million to $614 million (vs. prior guidance of $598 million to $604 million), which is higher than analysts’ estimate of $600.92 million.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
MANH's Indicator enters downward trend
The Aroon Indicator for MANH entered a downward trend on October 05, 2026. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 188 similar instances where the Aroon Indicator formed such a pattern. In 140 of the 188 cases the stock moved lower. This puts the odds of a downward move at 74%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for MANH moved out of overbought territory on September 04, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 40 similar instances where the indicator moved out of overbought territory. In 21 of the 40 cases, the stock moved lower in the following days. This puts the odds of a move lower at 52%.
The Momentum Indicator moved below the 0 level on September 28, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on MANH as a result. In 64 of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 70%.
The Moving Average Convergence Divergence Histogram (MACD) for MANH turned negative on September 02, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In 29 of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at 57%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MANH declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 68%.
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 41 of 61 cases where MANH's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 67%.
MANH moved above its 50-day moving average on October 01, 2026 date and that indicates a change from a downward trend to an upward trend.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is 14 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 38 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 40 (best 1 - 100 worst), indicating steady price growth. MANH’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 83 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MANH’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock better than average.
The Tickeron Valuation Rating of 91 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (74.627) is normal, around the industry mean (51.456). P/E Ratio (57.865) is within average values for comparable stocks, (82.636). Projected Growth (PEG Ratio) (2.566) is also within normal values, averaging (3.135). Dividend Yield (0.000) settles around the average of (0.011) among similar stocks. P/S Ratio (11.338) is also within normal values, averaging (69.875).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Advertisement
General Information
a company which designs, builds and delivers supply chain commerce solutions
Industry PackagedSoftware
Advertisement