diff --git a/platformio/__init__.py b/platformio/__init__.py
index fc10a320..aa995d20 100644
--- a/platformio/__init__.py
+++ b/platformio/__init__.py
@@ -14,7 +14,7 @@
 
 import sys
 
-VERSION = (3, 0, "2a2")
+VERSION = (3, 0, "2a3")
 __version__ = ".".join([str(s) for s in VERSION])
 
 __title__ = "platformio"
diff --git a/platformio/managers/package.py b/platformio/managers/package.py
index c536a9e6..22ea8e25 100644
--- a/platformio/managers/package.py
+++ b/platformio/managers/package.py
@@ -544,9 +544,19 @@ class BasePkgManager(PkgRepoMixin, PkgInstallerMixin):
             if not latest_version:
                 click.echo("[%s]" % (click.style("Unknown", fg="yellow")))
                 return
-            if manifest['version'] == latest_version:
+
+            up_to_date = False
+            try:
+                up_to_date = (
+                    semantic_version.Version.coerce(manifest['version']) >=
+                    semantic_version.Version.coerce(latest_version))
+            except ValueError:
+                up_to_date = latest_version == manifest['version']
+
+            if up_to_date:
                 click.echo("[%s]" % (click.style("Up-to-date", fg="green")))
                 return
+
             click.echo("[%s]" % (click.style("Out-of-date", fg="red")))
             if only_check:
                 return