ManpowerGroup Inc. (NYSE:MAN ) Q3 2024 Results Conference Call October 17, 2024 8:30 AM ET Company Participants Jonas Prising - Chairman and Chief Executive Officer Jack McGinnis - Chief Financial Officer Conference Call Participants Kartik Mehta - Northcoast Research Trevor Romeo - William Blair Mark Marcon - Baird George Tong - Goldman Sachs Princy Thomas - Barclays Josh Chan - UBS Tobey Sommer - Truist Operator Welcome to ManpowerGroup's Third Quarter Earnings Results Conference Call. You'll be put in listen-only mode until the question-and-answer time begins.
Although the revenue and EPS for Manpower (MAN) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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.
Evaluate the expected performance of Manpower (MAN) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Acquisitions aid MAN's top line. The company executes strong pricing and cost control to improve its bottom line.
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?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
2Q24 results showed no major signs of recovery. While some positive signs exist, like stabilization in key markets, overall financials remain weak and macro situation is unfavorable. Sell rating maintained due to lack of demand recovery, weak financials, and potential downside in valuation if macro situation worsens.
ManpowerGroup's (MAN) second-quarter 2024 earnings and revenues decline year over year.
ManpowerGroup's actual Q2 2024 normalized EPS of $1.30 represented a +2.3% earnings beat, and there were no negative surprises associated with MAN's Q3 financial guidance. MAN's potential FY 2024 shareholder yield is in the high-single digit percentage range, considering consensus dividend forecasts and its actual 1H 2024 buybacks. My Buy rating for the Company stays unchanged in view of MAN's second quarter earnings beat and enticing shareholder yield.
While the top- and bottom-line numbers for Manpower (MAN) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.