Post-earnings recap
Reported
Tue, Jul 28, 2026
EPS actual
$1.39
EPS est.
$0.91
EPS surprise
+53.42%
1-day move
+5.57%
Manhattan Associates reported strong earnings with an EPS of $1.39, significantly beating expectations. The positive surprise likely contributed to a 5.57% increase in the stock price. However, without revenue figures or guidance, investors may remain cautious about future performance.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $1.39 | N/A | +53.42% |
| Revenue | N/A | N/A | N/A |
No transcript is on record, and the analysis is based on numerical results only.
Manhattan Associates, Inc. is a technology company that specializes in supply chain and inventory management software. As a player in the Information Technology sector, it helps businesses optimize their operations, which is crucial as companies increasingly focus on efficiency and digital transformation.
Last quarter
In Q1 2026, Manhattan Associates reported an EPS of $1.24, significantly beating estimates by 63.59%. The stock reacted positively, gaining 0.79% the next day.
Management promises and guidance
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+67.16%
Avg 1-day reaction
+1.04%
Overall, expectations are mixed as the company has consistently beaten EPS estimates but lacks detailed revenue guidance for this quarter.
Bull case
If Manhattan Associates continues its trend of strong EPS surprises, it could signal robust demand for its software solutions, leading to a positive market reaction.
Bear case
On the other hand, without clear revenue guidance, investors may worry about potential slowdowns in growth, which could negatively impact the stock.
The print will turn on these.
Q1
What will the EPS be this quarter, and will it exceed the previous quarter's $1.24?
Given the company's history of beating EPS estimates, a strong performance could boost investor confidence.
Q2
What insights can management provide regarding revenue growth and customer acquisition?
Understanding revenue trends and customer growth will be crucial for assessing the company's future performance.
—
Est. EPS
—
Est. Rev
—
Impl. Move
±3.5%
Why consensus could be wrong
The Street may underestimate the potential for Manhattan Associates to continue its streak of EPS surprises, especially given its recent performance.
Supporting evidence
The company has consistently beaten EPS estimates in the past eight quarters.
Options are pricing a significant move, indicating that traders expect volatility, which may not align with the consensus view.
The lack of revenue guidance could lead to overly cautious sentiment that doesn't reflect the company's actual growth potential.
Key risk
If the EPS comes in below $1.00, it could challenge the current bullish sentiment.
Pre-commit to what would confirm each case.
This quarter's performance will be closely watched as it follows a series of strong earnings surprises, and investors are eager to see if this trend continues.
Bull confirmed if
An EPS of $1.30 or higher would confirm the bull case, indicating strong profitability.
Bear confirmed if
An EPS below $1.00 would raise concerns about the company's growth trajectory.
What the market is pricing for the move.
Implied Move
±26.1%
Historical Avg
±2.4%
The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.
Options are pricing ±26.1% while MANH has averaged ±2.4% over the last 8 prints — setup is pricing rich.
ATM IV
0.5%
30d HV
47.5%
Cross-company pattern from 30 similar setups.
Prior-quarter beat + options rich in Information Technology
Fade rate: 4 of 9 (44%)
This setup has occurred 30 times across Information Technology in the last 2 years. 4 of 9 faded and 5 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.4%, with a raw directional average of -0.5% (modestly negative historical bias).
Smart-money positioning from the most recent 13F filings.
Institutional
112.93%
of float
Insider
1.35%
of float
Holders
716
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
6,781,222 sh · $1.4B
11.63%
-0.9%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Manhattan Associates beats expectations, history suggests a positive reaction, with an average 1-day move of +0.39%, confirming ongoing demand for its solutions.
In line / cautious
If results are in line with expectations, the stock may see limited movement as investors await further guidance from management.
Miss
A miss could lead to a negative reaction, potentially resulting in a decline similar to the average 1-day move when they miss, which is currently not available.
The lines on the call that would change the story.
Vanguard Portfolio Management LLC
3,857,897 sh · $779.7M
6.62%
-0.3%
FMR, LLC
3,611,292 sh · $729.9M
6.19%
9.3%
T. Rowe Price Investment Management, Inc.
3,391,473 sh · $685.5M
5.82%
-4.3%
AQR Capital Management, LLC
3,328,418 sh · $672.7M
5.71%
5.3%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.