Manhattan Associates Stock Sinks on Profit Warning
Key Takeaways
- Manhattan Associates predicted that full-year profit would be down because of a "turbulent macro environment."
- The supply-chain and commerce software solutions provider expects 2025 adjusted EPS to fall 4% to 6% year-over-year.
- The news sent shares tumbling even though Manhattan Associates posted better-than-anticipated fourth-quarter results.
Manhattan Associates (MANH) shares plunged more than 20% Wednesday, a day after the provider of supply-chain and commerce software solutions posted a surprise drop in its profit outlook as it faced a "turbulent macro environment."
The company sees full-year 2025 adjusted earnings per share (EPS) falling by 4% to 6% year-over-year to $4.45 to $4.55 and revenue up 2% to 3% to $1.06 billion to $1.07 billion. Analysts surveyed by Visible Alpha were looking for adjusted EPS of $4.57 and revenue of $1.07 billion.
CEO Eddie Capel remained optimistic, saying that while the firm remained cautious, "our business momentum is solid, and our team is devoted to our customers' success."
Q4 Results Top Estimates
The news offset better-than-anticipated fourth-quarter results. Adjusted EPS came in at $1.17 and revenue grew 7% to $255.8 million. Both exceeded Visible Alpha forecasts.
The company reported remaining performance obligation (RPO) bookings jumped 25% to a record high. It expects revenue from those RPO bookings to be $1.78 billion.
Shares of Manhattan Associates lost almost a quarter of their value and nearly all of their gains over the past year.
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