MAN Stock Recent News

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 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.

Revenues of $4.5 billion (-3% as reported, -2% constant currency) Continuation of challenging environment in North America and Europe during the quarter, good demand in Latin America and Asia-Pacific region Gross profit margin of 17.3%.  Staffing margins remained solid; permanent recruitment levels stable SG&A reductions reflect adjustments to market conditions during the quarter (-5% both as reported and constant currency as adjusted1) U.S. business launched innovative Manpower branch offices inside select Walmart locations during the quarter Reached agreement to sell our South Korea business, which will operate as a Manpower Franchise in the future $29 million of common stock repurchased during the quarter MILWAUKEE , Oct. 17, 2024 /PRNewswire/ -- ManpowerGroup (NYSE: MAN) today reported net earnings of $0.47 per diluted share for the three months ended September 30, 2024 compared to net earnings of $0.60 per diluted share in the prior year period.

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.

The staffing industry has been benefiting from a resilient labor market. Three stocks to buy are RCMT, HQI, MAN.

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.

Report Highlights Experis' Wide-Ranging Services and Strategic Partnerships MILWAUKEE , Sept. 25, 2024 /PRNewswire/ -- For the third year in a row, Experis®, a global leader in IT workforce solutions and part of the ManpowerGroup (NYSE: MAN) family of brands, has been named a Leader in Everest Group's U.S. IT Contingent Talent and Strategic Solutions PEAK Matrix® Assessment 2024.

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?