Manhattan Associates, Inc. ($MANH) Stock Forecast: Down 8.0% Today

What is Manhattan Associates, Inc.?

Manhattan Associates (MANH) is a technology company specializing in supply chain and omnichannel commerce solutions. Today, the stock experienced a strong bearish movement in the market.

Why is Manhattan Associates, Inc. going down?

MANH stock is down 8.0% on Oct 23, 2024 18:37

• MANH reported strong Q3 earnings beating estimates, driven by higher revenues in cloud subscription and services.
• Despite the positive earnings, the stock price declined due to a weak outlook for the future.
• The challenging macroeconomic conditions may have impacted investor sentiment, leading to the bearish movement in MANH's stock price.
• Investors might be cautious about MANH's future performance, leading to the sell-off despite the positive earnings report.

MANH Price Chart

MANH Technical Analysis

MANH News

Manhattan's Q3 Earnings Beat Estimates, Shares Down on Weak View

MANH's third-quarter 2024 results benefit from higher revenues across the cloud subscription and services.

https://www.zacks.com/stock/news/2356137/manhattans-q3-earnings-beat-estimates-shares-down-on-weak-view

Manhattan Associates to Report Q3 Earnings: What's in Store? - CommVault Systems ( NASDAQ:CVLT ) , Manhattan Associates ( NASDAQ:MANH )

Manhattan Associates MANH is set to report its third-quarter 2024 results on Oct. 22. It expects third-quarter 2024 earnings to be $1.06 per share. Revenues are anticipated between $261 million to $265 million.

https://www.benzinga.com/news/earnings/24/10/41387209/manhattan-associates-to-report-q3-earnings-whats-in-store

Manhattan Associates to Report Q3 Earnings: What's in Store?

MANH's third-quarter 2024 results are likely to benefit from expanding product offerings within a challenging macroeconomic condition.

https://www.zacks.com/stock/news/2352544/manhattan-associates-to-report-q3-earnings-whats-in-store

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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.

23.09.2024 - MANH Stock was down 8.0%

• MANH reported strong Q3 earnings beating estimates, driven by higher revenues in cloud subscription and services.
• Despite the positive earnings, the stock price declined due to a weak outlook for the future.
• The challenging macroeconomic conditions may have impacted investor sentiment, leading to the bearish movement in MANH's stock price.
• Investors might be cautious about MANH's future performance, leading to the sell-off despite the positive earnings report.

23.09.2024 - MANH Stock was down 8.7%

• Manhattan Associates (MANH) reported Q3 earnings of $1.06 per share, which fell short of expectations.
• The lower-than-anticipated earnings and revenue figures likely contributed to the bearish movement in MANH stock.
• Despite the challenging macroeconomic conditions, investors may have been disappointed with the company's performance, leading to a sell-off in the stock.
• The market reaction suggests that investors were expecting stronger results from Manhattan Associates, causing the bearish movement in the stock.

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.