January 29, 2025
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."
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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