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MAN — ManpowerGroup News Story

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ManpowerGroup Q4 revenue rises

Overview

Workforce solutions firm's Q4 revenue rose 7% to $4.7 bln

Net earnings per diluted share increased to $0.64 from $0.47

Company refinanced €500 mln Euro Note, reset revolving credit facility

Outlook

ManpowerGroup anticipates Q1 diluted EPS between $0.45 and $0.55

Company sees opportunity to capitalize on improving market demand

Result Drivers

MARKET STABILIZATION - Co noted ongoing stabilization in North America and Europe, with improvements in France and strong growth in Italy

COST OPTIMIZATION - Cost actions drove a sequential improvement in SG&A decrease, with additional restructuring actions taken

DEMAND IN LATAM & APAC - Continued strong demand in Latin America and Asia Pacific contributed to results

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 EPS$0.64
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 Press Release: ID:nPnBgK7ca 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.)

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