ManpowerGroup(MAN)
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Manpower (MAN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-10-17 14:36
Core Insights - ManpowerGroup reported revenue of $4.53 billion for Q3 2024, a decrease of 3.1% year-over-year, with EPS at $1.29 compared to $1.38 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $4.48 billion by 1.01%, while EPS also surpassed the consensus estimate of $1.28 by 0.78% [1] Revenue Performance by Region - Revenues from Services- Americas: $1.05 billion, down 5.5% year-over-year, below the average estimate of $1.07 billion [2] - Revenues from Services- APME: $562.80 million, slightly above the estimate of $544.78 million, with a year-over-year decline of 0.4% [2] - Revenues from Services- Southern Europe: $2.10 billion, exceeding the estimate of $2.04 billion, with a year-over-year decrease of 0.6% [2] - Revenues from Services- Northern Europe: $828.30 million, below the estimate of $857.94 million, reflecting a year-over-year decline of 9.4% [2] - Revenues from Services- Southern Europe- Other Southern Europe: $496.80 million, above the estimate of $479.56 million, with a year-over-year increase of 2.4% [2] - Revenues from Services- Southern Europe- France: $1.18 billion, slightly above the estimate of $1.16 billion, with a year-over-year decline of 2.5% [2] - Revenues from Services- Americas- United States: $697.40 million, below the estimate of $713.82 million, with a year-over-year decline of 7.3% [2] - Revenues from Services- Americas- Other Americas: $353.10 million, slightly below the estimate of $355.24 million, with a year-over-year decline of 1.6% [2] - Revenues from Services- Southern Europe- Italy: $419.10 million, above the estimate of $404.87 million, with a year-over-year increase of 1.3% [2] Operating Unit Profit - Corporate expenses reported at -$30.20 million, better than the average estimate of -$42.10 million [2] Stock Performance - Manpower shares returned +1.1% over the past month, compared to the S&P 500 composite's +3.8% change, with a Zacks Rank 3 (Hold) indicating potential performance in line with the broader market [3]
ManpowerGroup (MAN) Q3 Earnings and Revenues Surpass Estimates
ZACKS· 2024-10-17 13:46
ManpowerGroup (MAN) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $1.38 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 0.78%. A quarter ago, it was expected that this staffing company would post earnings of $1.27 per share when it actually produced earnings of $1.30, delivering a surprise of 2.36%. Over the last four quarters, the co ...
ManpowerGroup Reports 3rd Quarter 2024 Results
Prnewswire· 2024-10-17 11:30
Revenues of $4.5 billion (-3% as reported, -2% constant currency) Continuation of challenging environment in North America and Europe during the quarter, good demand in Latin America and Asia-Pacific region Gross profit margin of 17.3%. Staffing margins remained solid; permanent recruitment levels stable SG&A reductions reflect adjustments to market conditions during the quarter (-5% both as reported and constant currency as adjusted1) U.S. business launched innovative Manpower branch offices inside select ...
Countdown to Manpower (MAN) Q3 Earnings: Wall Street Forecasts for Key Metrics
ZACKS· 2024-10-14 14:23
Wall Street analysts expect ManpowerGroup (MAN) to post quarterly earnings of $1.28 per share in its upcoming report, which indicates a year-over-year decline of 7.3%. Revenues are expected to be $4.48 billion, down 4.1% from the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Prior to a company's earnings announcement, it is crucial to ...
Are Investors Undervaluing ManpowerGroup (MAN) Right Now?
ZACKS· 2024-10-04 14:45
Group 1: Investment Strategies - The Zacks Rank system focuses on earnings estimates and revisions to identify winning stocks, while value investing remains a preferred method for finding strong stocks across various market conditions [1] - The Style Scores system allows investors to find stocks with specific traits, particularly in the "Value" category, where stocks with high Zacks Ranks and "A" grades for Value are considered high-quality [2] Group 2: Company Analysis - ManpowerGroup (MAN) - ManpowerGroup (MAN) has a Zacks Rank of 2 (Buy) and a Value grade of A, with a current P/E ratio of 11.87, compared to the industry average of 15.82 [3] - The P/B ratio for MAN is 1.59, which is favorable compared to the industry's average P/B of 2.14, with a 52-week range for MAN's P/B from 1.41 to 1.74 [4] - The P/S ratio for MAN is 0.18, significantly lower than the industry's average P/S of 0.33, indicating potential undervaluation [5] Group 3: Company Analysis - RCM Technologies (RCMT) - RCM Technologies (RCMT) is rated 1 (Strong Buy) with a Value grade of A, indicating strong investment potential [5] - RCMT has a P/B ratio of 5.49, which is higher than the industry's average P/B of 2.14, with a 52-week range from 4.90 to 11.03 [6] Group 4: Overall Valuation Insights - Both ManpowerGroup and RCM Technologies are likely undervalued based on their current metrics, and their earnings outlook suggests they are strong value stocks at the moment [7]
ManpowerGroup Gains From Digitization of Workforce Solutions
ZACKS· 2024-09-30 17:30
ManpowerGroup Inc. (MAN) has had a decent run in the past three months. The company's shares have gained 5.5% compared with the 4.4% rally of its industry and the 4.6% rise of the Zacks S&P 500 composite. MAN reported mixed second-quarter 2024 results. Quarterly adjusted earnings of $1.3 per share surpassed the consensus mark by 2.4% but declined 17.7% year over year due to run-off Proservia Germany business and Argentina-related currency translation losses. Revenues of $4.5 billion lagged the consensus mar ...
Talent Solutions RPO Named to HRO Today's Prestigious Baker's Dozen List for 2024
Prnewswire· 2024-09-30 13:31
Core Insights - Talent Solutions RPO has been ranked 7 in the Overall Enterprise RPO Leaders category in HRO Today's 2024 Baker's Dozen Customer Satisfaction Ratings for Recruitment Process Outsourcing [2][3] - The company also achieved notable rankings in Quality of Service Leaders (7) and Size of Deals Leaders (4), reflecting its commitment to delivering exceptional talent solutions [2][3] Company Performance - The recognition in the Baker's Dozen rankings highlights Talent Solutions RPO's focus on high-quality service, strong partnerships, and scalable talent solutions tailored to client needs [3][4] - The 4 ranking in Size of Deal indicates the company's capability to manage large-scale, complex projects efficiently [3] Industry Recognition - HRO Today's Baker's Dozen is regarded as one of the most comprehensive and prestigious ratings in the RPO industry, based solely on client satisfaction surveys [3] - The top 10 placement reinforces Talent Solutions RPO's dedication to operational excellence, innovation, and customer-centric solutions [4] Service Offerings - Talent Solutions RPO provides flexible, data-driven recruitment strategies that enhance employer branding and deliver top talent across various industries [4][8] - The company is part of ManpowerGroup, which offers a range of workforce solutions, including RPO, TAPFIN-MSP, and Right Management, addressing complex workforce needs [6][8]
MAN vs. RHI: Which Stock Is the Better Value Option?
ZACKS· 2024-09-20 16:46
Investors looking for stocks in the Staffing Firms sector might want to consider either ManpowerGroup (MAN) or Robert Half (RHI) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes companie ...
Working to Change the World: ManpowerGroup's 2023-2024 ESG Report Highlights Commitment to Sustainable Growth and a People-First Future of Work
Prnewswire· 2024-09-19 12:01
Core Insights - ManpowerGroup's 2023-2024 ESG report emphasizes the importance of sustainable employment and the company's commitment to driving change through upskilling and green initiatives [2][3] Group 1: Planet - ManpowerGroup was recognized by TIME Magazine as one of the World's Most Sustainable Companies in 2024 [3] - The company achieved 100% renewable electricity at its Global Headquarters, earning Energy Star certification and reducing overall electricity consumption by 18% in one year [3] - By the end of 2024, 43% of total electricity used by ManpowerGroup facilities in the U.S. will be renewably sourced [3] - The electric vehicle fleet grew to over 500 vehicles in 2024, while nearly 350 gas-powered vehicles were removed [3] Group 2: People & Prosperity - The Executive Leadership Team now includes 30% women, 40% racially diverse members, and 70% non-U.S. born members [4] - ManpowerGroup aims to train, develop, and place up to 10 million people into green jobs by 2030 [4] - Over 240,000 individuals across 12 countries are learning new skills through Manpower's MyPath platform [4] - The company impacted nearly 30,000 refugees globally in 2023, marking an 85% increase from 2022 [4] Group 3: Principles of Governance - ManpowerGroup was recognized as one of the World's Most Ethical Companies by Ethisphere for the 15th time [5] - The company achieved a Platinum medal in the 2023 EcoVadis assessment, placing it in the top 1% of rated companies worldwide [5] - ManpowerGroup updated its guidelines for the ethical use of artificial intelligence [5]
Is ManpowerGroup (MAN) Stock Undervalued Right Now?
ZACKS· 2024-09-18 14:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on ke ...