ManpowerGroup Q3 revenue slightly misses expectations

ManpowerGroup

15/10/2026 12:38

Overview
Global workforce solutions firm's Q3 revenue grew 4% yr/yr, a slight miss versus analyst expectations
Adjusted EPS for Q3 met analyst expectations
Company cites U.S. Manpower strength and improved Experis trends as drivers of growth

Outlook
ManpowerGroup expects Q4 diluted EPS between $1.03 and $1.13
Company forecasts a 44% effective tax rate for Q4
ManpowerGroup says improving demand and transformation progress position it for sustainable, profitable growth

Result Drivers
U.S. MANPOWER STRENGTH - Co said top-line growth was driven by strength in Manpower, particularly in the United States
EXPERIS IMPROVEMENT - Co said improving global Experis trends with U.S. Experis crossing over to growth during the quarter
COST ACTIONS - Co said improved SG&A trend reflects continued cost actions

Company press release: ID:nPn3C5sgSa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
$4.84 bln
$4.86 bln (8 Analysts)
Q3 Adjusted EPS
Meet
$1.01
$1.01 (10 Analysts)
Q3 EPS
 
$0.71
 
Q3 Net Income
 
$34.1 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 9 "hold" and no "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 $55.50, about 6.8% above its October 14 closing price of $51.96
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 8 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)