ManpowerGroup's Q2 profit beats as demand in Europe sees stabilizing trends

ManpowerGroup

17/07/2025 12:42

Overview

ManpowerGroup Q2 revenue flat at $4.5 bln, beating analyst expectations, per LSEG data

Adjusted EPS for Q2 beats analyst estimates, per LSEG data

Recruitment company sees mixed demand globally, with stabilization in US and parts of Europe

Outlook

ManpowerGroup anticipates Q3 diluted EPS between $0.77 and $0.87

Company sees positive signs of demand stabilization in US and parts of Europe

ManpowerGroup focuses on market share gains amid economic volatility

Company aims to accelerate AI adoption to enhance client value

Result Drivers

GOODWILL IMPAIRMENT - Co incurred an $89 million non-cash goodwill impairment charge, affecting net earnings

MIXED DEMAND - Stabilization in US and parts of Europe, while Latin America and Asia Pacific saw good demand

BRAND PERFORMANCE - Manpower and Talent Solutions returned to revenue growth, while Experis faced declines due to sluggish professional staffing demand

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$4.52 bln
$4.36 bln (8 Analysts)
Q2 Adjusted EPS
Beat
$0.78
$0.68 (10 Analysts)
Q2 EPS
-$1.44


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the employment services peer group is "buy."

Wall Street's median 12-month price target for ManpowerGroup Inc is $48.00, about 10.2% above its July 16 closing price of $43.10

Press Release: ID:nPn782mHka

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)