ManpowerGroup plunges on weak Q4 forecast and Q3 revenue miss, names new CEO

ManpowerGroup

15/10/2026 12:56

** Shares of ManpowerGroup MAN.N tumble more than 20% to $41.41 premarket
** The employment services provider sees Q4 EPS of $1.03 to $1.13, the midpoint of which is below the $1.10 estimate, per data compiled by LSEG
** Q3 rev of $4.84 bln misses est $4.86 bln
** Q3 adjusted profit per share of $1.01 in line with estimates
** Co names insider Becky Frankiewicz CEO, effective Jan. 1, 2027
** Frankiewicz will be only the fifth CEO in the company's nearly 80-year history
** Frankiewicz, currently president and chief strategy officer, succeeds Jonas Prising
** Prising has been CEO since 2014 and will become executive chair
** 3 of 12 brokerages rate the stock "buy" or above, 9 "hold"; median PT is $55.50 - data compiled by LSEG
** As of last close, stock up ~75% YTD

 (Reporting by Miraanta Lowrance in Bengaluru)
 ((miraanta.lowrance@thomsonreuters.com))