## Manhattan Associates (MANH) Earnings Preview: What to Expect in Q3 2024
Investors are eagerly awaiting Manhattan Associates’ (MANH) third-quarter 2024 earnings report, scheduled for release on October 22nd. The company expects robust demand for its mission-critical cloud solutions across key verticals like retail, manufacturing, and wholesale, which drive over 80% of its bookings.
Key Factors to Watch:
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Strong Demand for Cloud Solutions:
Manhattan Associates anticipates continued high demand for its cloud-based supply chain solutions, driven by the increasing need for businesses to optimize their operations and enhance efficiency.*
Expanded Customer Base:
The company expects to have secured new clients through higher competitive win rates, leading to a healthy mix of new and existing customer growth.*
New Product Launches:
Manhattan’s recent product launches, including the Fulfilment Experience Insight Dashboard and Manhattan Yard Management, are expected to contribute to top-line growth. These solutions cater to the evolving needs of businesses in the supply chain management space.*
Generative AI Impact:
The company’s investment in generative AI-powered solutions like Manhattan Active Maven and Manhattan Assist, aimed at automating customer service and investment decision-making, could further boost top-line growth.*
Macroeconomic Headwinds:
The report could be impacted by ongoing macroeconomic challenges, which could affect the pace of growth. Uncertainty around project implementation timelines and potential delays could also affect results.What to Expect:
Manhattan Associates projects earnings of $1.06 per share for the third quarter, representing a modest 0.95% increase from the year-ago quarter. Revenue is estimated to be between $261 million and $265 million, indicating a potential 10.45% year-over-year rise. While the Zacks Consensus Estimate for earnings has remained steady at $1.06 per share over the past 30 days, the company has consistently exceeded analyst expectations in the past four quarters, averaging a 26.61% surprise.
Potential Outperformers:
While Manhattan Associates carries a Zacks Rank #3 (Hold), several other companies are showing promising signs for potential earnings beats.
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Reddit (RDDT):
With an Earnings ESP of +72.10% and a Zacks Rank #2 (Buy), Reddit is poised to report strong third-quarter results on October 29th. The company’s shares have surged 53.2% year to date.*
CommVault Systems (CVLT):
This company has an Earnings ESP of +4.46% and a Zacks Rank #3 (Hold), making it another potential outperformer. CommVault shares have returned an impressive 83.2% year to date, and its second-quarter fiscal 2025 results are scheduled for release on October 29th.*
Pegasystems (PEGA):
With an Earnings ESP of +11.43% and a Zacks Rank #3 (Hold), Pegasystems is also a company to watch. Its shares have gained 50.1% year to date, and the company is set to report its third-quarter 2024 results on October 23rd.Investors should closely monitor Manhattan Associates’ earnings report for insights into the company’s performance, growth prospects, and potential impact of macroeconomic trends on the supply chain management sector. The upcoming earnings season is expected to be a key indicator of the overall health of the economy and provide valuable information for investment decisions.