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.
Manpower (MAN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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.