Manhattan Associates, Inc. ($MANH) Stock Forecast: Up 9.5% Today

What is Manhattan Associates, Inc.?

Manhattan Associates Inc. (MANH) specializes in providing supply chain and omnichannel solutions for various types of organizations, with a focus on enhancing operational efficiency in the digital commerce sector.

Why is Manhattan Associates, Inc. going up?

MANH stock is up 9.5% on Jul 24, 2024 17:22

• Manhattan Associates Inc. (MANH) witnessed a significant uptrend, driven by the following key factors:
• Strong performance in the second quarter of 2024 where the company surpassed both EPS and revenue projections, impacting investors positively.
• The company's robust revenue figures and notable cloud segment growth, highlighted during the recent earnings call, further boosted investor confidence in Manhattan Associates' market capabilities.
• A remarkable 21% increase in stock value was a direct result of Manhattan Associates exceeding market expectations, signaling a promising trajectory for the company's future growth.

MANH Price Chart

MANH News

What''s Driving Manhattan Associates Inc''s Surprising 21% Stock Rally?

What''s Driving Manhattan Associates Inc''s Surprising 21% Stock Rally?

https://www.gurufocus.com/news/2480357/whats-driving-manhattan-associates-incs-surprising-21-stock-rally

Manhattan Associates Inc (MANH) Q2 2024 Earnings Call Transcript Highlights: Record Revenue and ...

Manhattan Associates Inc (MANH) Q2 2024 Earnings Call Transcript Highlights: Record Revenue and Strong Cloud Growth

https://www.gurufocus.com/news/2479806/manhattan-associates-inc-manh-q2-2024-earnings-call-transcript-highlights-record-revenue-and-strong-cloud-growth

Earnings results update 23 July 2024 (AMC)

Based on the earnings results of companies reporting on 23 July 2024 (AMC), here''s a summary focusing on the moves made by these companies and their possible impact on the overall market indices such as SPX and NDX. Emphasis is placed on the most popular companies and brands that are likely to influence market sentiment. Highlights of most popular companies that have reported their quarterly earnings: Tesla (TSLA) Move: -7.8% Market Cap: $785.8B Impact: Tesla is a highly popular and influential company, especially among retail investors. The significant negative move is likely to contribute to a bearish sentiment in the market. Alphabet (GOOG/GOOGL) Move: -2.2% each Market Cap: $2.3T and $2.2T respectively Impact: Alphabet''s slight negative move, despite its massive market cap, suggests a moderate bearish influence. As a household name, its performance can heavily sway investor sentiment. Visa (V) Move: -3.3% Market Cap: $533.2B Impact: Visa is another popular company, and its negative movement adds to the bearish outlook.

https://www.forexlive.com/news/earnings-results-update-23-july-2024-amc-20240724/

MANH Stock Earnings: Manhattan Associates Beats EPS, Beats Revenue for Q2 2024

Manhattan Associates (NASDAQ:MANH) just reported results for the second quarter of 2024. Manhattan Associates reported earnings per share of $1.18. This was above the analyst estimate for EPS of 96 cents. The company reported revenue of $265.32 million. This was 3.69% better than the analyst estimate for revenue of $255.88 million. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

https://investorplace.com/earning-results/2024/07/manh-stock-earnings-manhattan-associates-for-q2-of-2024/

Manhattan Associates ( MANH ) Q2 Earnings and Revenues Beat Estimates

Manhattan Associates (MANH) delivered earnings and revenue surprises of 22.92% and 3.61%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2307261/manhattan-associates-manh-q2-earnings-and-revenues-beat-estimates

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Manhattan Associates, Inc. Price History

20.09.2023 - MANH Stock was down 5.7%

• The implementation of Manhattan SCALE by Tiger Distribution & Logistics may have had a positive impact on their operations, but it did not directly affect the market movement of MANH.
• Inspire Investing LLC increasing its stake in Manhattan Associates could indicate confidence in the company, but it does not explain the bearish market movement.
• The article mentioning the bullish trend in the S&P 500 during option expiration week does not provide a direct explanation for the bearish movement of MANH.
• The article comparing Ansys and its competitors in the software industry does not provide any relevant information about Manhattan Associates or the market movement of MANH.

25.09.2023 - MANH Stock was up 6.4%

• The bullish movement in MANH stock today can be attributed to the following factors:
• 1. Strong Q3 2023 Earnings: Manhattan Associates reported record Q3 earnings, beating both earnings and revenue estimates. The company's Non-GAAP EPS of $1.05 exceeded expectations by $0.29, while revenue of $238.4M surpassed estimates. This positive financial performance likely contributed to the bullish movement in the stock.
• 2. Raised Full-Year Outlook: Along with the strong Q3 results, Manhattan Associates also raised its full-year outlook. This indicates that the company is confident in its future growth prospects, which could have boosted investor sentiment and led to the bullish market movement.
• 3. Positive Industry Comparison: In an article comparing Adobe and its competitors in the software industry, Manhattan Associates (MANH) was mentioned as one of the primary competitors. This industry comparison could have highlighted the company's strengths and potential, attracting investors and contributing to the bullish market movement.
• Overall, the strong Q3 earnings, raised outlook, and positive industry comparison likely drove the bullish movement in MANH stock today.

27.05.2024 - MANH Stock was up 5.1%

• Manhattan Associates (MANH) experienced a 3% surge in its stock price, driven by strong financial results and positive market sentiment.
• The company's stock saw increased trading volume, indicating heightened investor interest and confidence in its future prospects.
• Despite the recent price increase, some analysts suggest that the current trend in earnings estimate revisions may not necessarily lead to further immediate gains in the stock price.
• Overall, MANH's bullish movement can be attributed to a combination of solid financial performance and positive market sentiment, although future price movements may be influenced by evolving earnings expectations.

24.06.2024 - MANH Stock was up 9.5%

• Manhattan Associates Inc. (MANH) witnessed a significant uptrend, driven by the following key factors:
• Strong performance in the second quarter of 2024 where the company surpassed both EPS and revenue projections, impacting investors positively.
• The company's robust revenue figures and notable cloud segment growth, highlighted during the recent earnings call, further boosted investor confidence in Manhattan Associates' market capabilities.
• A remarkable 21% increase in stock value was a direct result of Manhattan Associates exceeding market expectations, signaling a promising trajectory for the company's future growth.

24.06.2024 - MANH Stock was up 7.4%

• Manhattan Associates achieved record revenue and robust cloud growth in their Q2 2024 earnings call, surpassing analyst expectations for both earnings per share and revenue.
• The favorable earnings results likely influenced the bullish movement in MANH stock as investors responded positively to the company's performance.
• Amid negative movements in companies like Tesla, Alphabet, and Visa, MANH's strong earnings and revenue performance may have captured investors' attention, leading to the optimism surrounding the stock.
• Considering the market sentiment reflected by the Shiller PE Index and concerns regarding valuations, investors seem inclined towards companies with solid fundamentals such as Manhattan Associates to navigate potential market adjustments.

17.06.2024 - MANH Stock was down 6.4%

• Manhattan Associates Inc. celebrated its annual customer event, Momentum 2024, and announced the winners of the Spotlight on Innovation Awards.
• Despite outperforming the market over the past 10 years with an average annual return of 22.63%, Manhattan Associates stock experienced a bearish movement today, possibly due to profit-taking after a long period of strong performance.
• The positive news about the company's innovation awards may not have been enough to offset broader market sentiment or specific factors affecting the stock today.
• Investors might be reassessing their positions in Manhattan Associates, leading to a temporary decline in the stock price despite its historical outperformance.