MAN leverages acquisitions, digital transformation and cost control to drive growth, steady dividends and long-term investor wealth.
MAN's third-quarter 2024 earnings and revenues decline year over year.
I have downgraded ManpowerGroup to a Hold due to the company's disappointing Q4 2024 guidance, but MAN isn't a Sell considering its attractive valuation post-earnings announcement price correction. MAN's Q3 2024 results met expectations, but its guidance implies a -3% YoY revenue decline and a significant drop in normalized EPS for Q4. The stock's valuations are appealing, taking into account its historical trading averages and its earnings growth track record.
ManpowerGroup's Q3 '24 results showed mixed performance, with revenues slightly above expectations but EPS below, leading to a nearly 10% share price drop. The company's guidance for Q4, with lower-than-expected EPS and declining revenues, suggests continued market weakness and uncertainty. Despite cautious optimism, I see no clear signs of recovery; thus, I maintain a hold rating, awaiting better market conditions.
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.