- ManpowerGroup reported third-quarter revenue of $4.5 billion, matching market expectations.
- The revenue for the quarter showed a 4.3% decline compared to the same period last year.
- Earnings per Share (EPS) for the third quarter were 47 cents, down from 60 cents in the previous year.
- Adjusted EPS came in at $1.29, a decrease from $1.38 year-over-year.
- For the fourth quarter, ManpowerGroup forecasts EPS between 98 cents and $1.08.
- The fourth-quarter EPS forecast includes an unfavorable currency impact estimate of 1 cent.
- Demand levels have stabilized, but at lower levels, prompting additional cost-cutting measures.
- Current analyst ratings include 3 buy recommendations, 8 holds, and 2 sell recommendations.
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Manpowergroup Inc on Smartkarma
On Smartkarma, analysts are closely watching the coverage of ManpowerGroup Inc by Baptista Research. In their report titled “ManpowerGroup Inc.: Initiation Of Coverage – How Are The Staffing Solutions Provider Adapting to Geopolitical and Economic Environments! – Major Drivers“, the analysts delve into the global leader in workforce solutions. The report highlights the company’s financial performance for the second quarter of 2024, where ManpowerGroup recorded $4.5 billion in revenue, a 3% year-over-year decrease in constant currency. Adjusted Earnings Before Interest, Taxes, and Amortization (EBITA) were $112 million, showing a 9% decline compared to the previous year, with an adjusted EBITA margin at 2.5%. The sentiment of this analysis leans towards bullish, providing insight into how ManpowerGroup is navigating geopolitical and economic challenges.
A look at Manpowergroup Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Manpowergroup Inc. looks promising for long-term investment based on the Smartkarma Smart Scores. With strong ratings in Value and Dividend at 4, the company is perceived as undervalued and offers attractive dividend payouts. Although Growth scored a 2, indicating moderate potential, the company’s Resilience and Momentum scores of 3 and 4 respectively show stability and positive market sentiment.
Manpowergroup Inc. operates globally, offering a range of non-governmental employment services such as temporary staffing, contract services, and worker training. Its diverse customer base and established reputation in the industry position the company for continued success in the long run, supported by its solid performance in value, dividend yield, and market momentum.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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