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MAN — ManpowerGroup News Story

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Staffing firm ManpowerGroup Q3 revenue, adj EPS beat estimates

Overview

ManpowerGroup Q3 revenue grows 2% to $4.6 bln, beating analyst expectations

Adjusted EPS for Q3 beats consensus, despite decrease in net earnings

Company sees stabilization in North America and Europe, despite currency impacts

Outlook

ManpowerGroup expects Q4 diluted EPS between $0.78 and $0.88

Company focuses on increasing market share and reducing structural costs

Result Drivers

REGIONAL DEMAND - Stabilization in North America and Europe contributed to improved revenue trends

BUSINESS MIX SHIFT - Gross profit margin impacted by shift towards enterprise clients and lower permanent recruitment

RESTRUCTURING - SG&A expenses declined due to restructuring actions

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$4.63 bln$4.59 bln (8 Analysts)
Q3 Adjusted EPSBeat$0.83$0.81 (10 Analysts)
Q3 EPS$0.38
Q3 Net Income$18 mln
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 $46.00, about 17.3% above its October 15 closing price of $38.02 The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago Press Release: ID:nPn4RSg9ja For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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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