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.
ManpowerGroup (MAN) came out with quarterly earnings of $1.30 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.58 per share a year ago.
ManpowerGroup (MAN) is likely to witness a year-over-year decline in earnings and revenues in the second quarter of 2024.
German energy company E.ON and Volkswagen subsidiary MAN Truck & Bus on Thursday unveiled plans to set up an electric charging network for trucks in Germany and Europe, to help cut emissions and achieve environmentally sustainable logistics.
ManpowerGroup (MAN) is benefiting from strong pricing, cost control and acquisitions.
ManpowerGroup (MAN) is benefitting from strong pricing and digitization despite rising expenses.