MAN's first-quarter 2025 earnings miss estimates and fall year over year.
I am downgrading ManpowerGroup (MAN) to a strong sell due to accelerating revenue decline, poor European macro, and likely negative estimate revisions. 1Q25 results show no stabilization, with total revenue down 7.1% y/y and adjusted EPS falling 53.4% y/y to $0.44. The European macro environment is deteriorating, driven by U.S. tariffs and ECB rate cuts, severely impacting MAN's core regions.
ManpowerGroup Inc. (NYSE:MAN ) Q1 2025 Results Conference Call April 17, 2025 8:30 AM ET Company Participants Jonas Prising - Chairman and Chief Executive Officer Jack McGinnis - Chief Financial Officer Conference Call Participants Andrew Steinerman - JPMorgan Manav Patnaik - Barclays Mark Marcon - Baird Kartik Mehta - Northcoast Research Josh Chan - UBS Trevor Romeo - William Blair Tobey Sommer - Truist Securities Stephanie Moore - Jefferies George Tong - Goldman Sachs Operator Welcome to ManpowerGroup's First Quarter Earnings Results Conference Call. You'll be put in a listen-only mode until the question-and-answer time begins.
The headline numbers for Manpower (MAN) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
ManpowerGroup (MAN) came out with quarterly earnings of $0.44 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.94 per share a year ago.
The MAN stock is benefiting from frequent investments in technology, while executing strong pricing and cost control.
MAN's fourth-quarter 2024 earnings beat estimates and rise year over year.
My sell rating on ManpowerGroup remains unchanged due to continued weak hiring activity, poor 1Q25 guidance, and an unattractive valuation of 12.5x earnings. 4Q24 results show a 5% revenue decline and significant EPS drop, with management guiding for further revenue and margin declines in 1Q25. Negative demand trends in Europe and North America persist, with no signs of recovery, while margins are at risk of further compression.
Despite missing Q4 2024 earnings and revenue expectations, ManpowerGroup stock rose 0.6%, reflecting market optimism. However, I am downgrading it to a 'hold'. ManpowerGroup has faced revenue and cash flow declines, making shares less attractive despite the stock's drop. Economic slowdowns and a strong dollar are key challenges. The company's Q4 2024 showed improved profitability, but overall annual performance weakened. Management forecasts further revenue and earnings declines in early 2025.
ManpowerGroup Inc. (NYSE:MAN ) Q4 2024 Earnings Conference Call January 30, 2025 8:30 AM ET Company Participants Jonas Prising - Chairman and Chief Executive Officer Jack McGinnis - Chief Financial Officer Conference Call Participants Andrew Steinerman - JPMorgan Princy Thomas - Barclays Mark Marcon - Baird Trevor Romeo - William Blair Kartik Mehta - Northcoast Research Tobey Sommer - Truist Securities Josh Chan - UBS George Tong - Goldman Sachs Operator Welcome to ManpowerGroup's Fourth Quarter Earnings Results Conference Call. You'll be put in a listen-only mode until the question-and-answer time begins.
While the top- and bottom-line numbers for Manpower (MAN) give a sense of how the business performed in the quarter ended December 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 $1.02 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $1.45 per share a year ago.