Equity Profile

MANH

Manhattan Associates, Inc.

Information TechnologyApplication Software$8.9B

Jul21Tue

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Manhattan Associates, Inc. is a technology company that specializes in supply chain and inventory management software....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing costs and generating income.

N/A

Revenue Growth

Revenue growth is essential for assessing the company's ability to expand its market share and respond to customer demands.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

MANH Q2-2026 Earnings Preview

Context

Company Snapshot

Manhattan Associates, Inc. is a technology company that specializes in supply chain and inventory management software. With a market cap of $9 billion, it plays a crucial role in helping retailers and wholesalers optimize their operations, particularly in a landscape increasingly influenced by e-commerce and digital transformation.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+70.23%

Avg Stock Reaction

+0.39%

Last Quarter Recap

In Q1-2026, Manhattan Associates reported an EPS of $1.24, significantly beating expectations by 63.59%. The stock reacted positively, gaining 0.79% the following day.

Management Promises & Guidance

Focus on enhancing software capabilities to meet evolving customer needs.
Commitment to expanding into new markets and verticals.
Continued investment in research and development to drive innovation.

Expectations

Wall Street Expectations

Overall, expectations are mixed as investors weigh the company's strong past performance against potential market challenges. Analysts will be keen to see if the company can maintain its momentum.

Bull Case

The optimistic view hinges on the company continuing its trend of beating EPS estimates, which could indicate strong operational efficiency and demand for its products.

Bear Case

The pessimistic view suggests that any slowdown in revenue growth or customer retention could raise concerns about the company's long-term viability in a competitive market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for Q2-2026, and how does it compare to previous quarters?

Given the company's history of beating EPS estimates, this figure will be crucial in determining market sentiment post-earnings.

What are the latest trends in customer retention and revenue growth?

Understanding these metrics will help gauge the company's competitive position and future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Manhattan Associates to capitalize on e-commerce growth, which could drive higher-than-expected revenue.

Supporting Evidence

The company has consistently beaten EPS estimates, indicating strong operational execution.

Options pricing suggests a significant move, reflecting market uncertainty that may not align with the company's growth trajectory.

Recent insider selling could indicate a strategic shift rather than a lack of confidence in the company's future.

Key Risk

If customer retention rates exceed 90%, it could significantly challenge the bearish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter centers around whether the company can sustain its impressive earnings growth amid market pressures.

Bull Confirmed If

An EPS of $1.30 or higher would confirm the bull case, indicating continued strong performance.

Bear Confirmed If

An EPS below $1.00 would confirm the bear case, raising concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±26.1%

Historical Avg

±1.7%

Pricing rich

The options market is pricing in a significant potential move, indicating high uncertainty or anticipation surrounding the earnings report.

Options are pricing ±26.1% while MANH has averaged ±1.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

47.5%

Calls (5K)P/C Ratio: 2.27Puts (7K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$1.0M

7,300 sh

1 insider

Net

$1.0M

Net selling

Most Active Insiders· 1 open-market trade

EVP, Professional ServicesGantt James Stewart
$1.0M
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Manhattan Associates beats expectations, history suggests the stock could rise by around 0.39%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations but management's commentary is cautious, the stock may experience muted movement as investors reassess growth prospects.

Miss

If the company misses expectations, history suggests a potential decline of around 1.73%, leading to increased scrutiny of its business model.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new customer acquisitions and retention strategies.
2Details on software enhancements and their expected impact on revenue.
3Insights into market trends affecting supply chain management.
4Any commentary on competitive pressures and how the company plans to address them.
5Management's outlook for the remainder of the fiscal year.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Manhattan Associates, Inc. is a technology company that specializes in supply chain and inventory management software....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing costs and generating income.

N/A

Revenue Growth

Revenue growth is essential for assessing the company's ability to expand its market share and respond to customer demands.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

MANH Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+70.23%

Avg Stock Reaction

+0.39%

Last Quarter Recap

In Q1-2026, Manhattan Associates reported an EPS of $1.24, significantly beating expectations by 63.59%. The stock reacted positively, gaining 0.79% the following day.

Management Promises & Guidance

Focus on enhancing software capabilities to meet evolving customer needs.
Commitment to expanding into new markets and verticals.
Continued investment in research and development to drive innovation.

Expectations

Wall Street Expectations

Overall, expectations are mixed as investors weigh the company's strong past performance against potential market challenges. Analysts will be keen to see if the company can maintain its momentum.

Bull Case

The optimistic view hinges on the company continuing its trend of beating EPS estimates, which could indicate strong operational efficiency and demand for its products.

Bear Case

The pessimistic view suggests that any slowdown in revenue growth or customer retention could raise concerns about the company's long-term viability in a competitive market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for Q2-2026, and how does it compare to previous quarters?

Given the company's history of beating EPS estimates, this figure will be crucial in determining market sentiment post-earnings.

What are the latest trends in customer retention and revenue growth?

Understanding these metrics will help gauge the company's competitive position and future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Manhattan Associates to capitalize on e-commerce growth, which could drive higher-than-expected revenue.

Supporting Evidence

The company has consistently beaten EPS estimates, indicating strong operational execution.

Options pricing suggests a significant move, reflecting market uncertainty that may not align with the company's growth trajectory.

Recent insider selling could indicate a strategic shift rather than a lack of confidence in the company's future.

Key Risk

If customer retention rates exceed 90%, it could significantly challenge the bearish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter centers around whether the company can sustain its impressive earnings growth amid market pressures.

Bull Confirmed If

An EPS of $1.30 or higher would confirm the bull case, indicating continued strong performance.

Bear Confirmed If

An EPS below $1.00 would confirm the bear case, raising concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±26.1%

Historical Avg

±1.7%

Pricing rich

The options market is pricing in a significant potential move, indicating high uncertainty or anticipation surrounding the earnings report.

Options are pricing ±26.1% while MANH has averaged ±1.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

47.5%

Calls (5K)P/C Ratio: 2.27Puts (7K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$1.0M

7,300 sh

1 insider

Net

$1.0M

Net selling

Most Active Insiders· 1 open-market trade

EVP, Professional ServicesGantt James Stewart
$1.0M
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Manhattan Associates beats expectations, history suggests the stock could rise by around 0.39%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations but management's commentary is cautious, the stock may experience muted movement as investors reassess growth prospects.

Miss

If the company misses expectations, history suggests a potential decline of around 1.73%, leading to increased scrutiny of its business model.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new customer acquisitions and retention strategies.
2Details on software enhancements and their expected impact on revenue.
3Insights into market trends affecting supply chain management.
4Any commentary on competitive pressures and how the company plans to address them.
5Management's outlook for the remainder of the fiscal year.