Overview
Global workforce solutions firm's Q4 revenue rose 7%, beating analyst expectations
Adjusted EPS for Q4 beat analyst expectations
Company took restructuring actions to improve cost efficiency
Outlook
ManpowerGroup anticipates Q1 diluted EPS between $0.45 and $0.55
Company sees opportunity to capitalize on improving market demand
ManpowerGroup plans to drive productivity gains through transformation strategy
Result Drivers
MARKET STABILIZATION - ManpowerGroup reported ongoing stabilization in North America and Europe, with sequential improvement in France and growth in Italy
COST ACTIONS - Restructuring actions and cost measures led to sequential improvement in SG&A trends
SOFTER RECRUITMENT - Gross profit margin affected by softer permanent recruitment activity in Europe
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$4.70 bln
$4.63 bln (8 Analysts)
Q4 Adjusted EPS
Beat
$0.92
$0.82 (10 Analysts)
Q4 Net Income
$30.20 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 8 "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 $42.00, about 45% above its January 28 closing price of $28.96
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nPn55jRZca
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(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.)