Workforce solutions provider ManpowerGroup (NYSE: MAN) will be announcing earnings results tomorrow before the bell. Here’s what to expect.
ManpowerGroup met analysts’ revenue expectations last quarter, reporting revenues of $4.4 billion, down 5% year on year. It was a strong quarter for the company, with a solid beat of analysts’ organic revenue estimates and a narrow beat of analysts’ EPS estimates.
Is ManpowerGroup a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting ManpowerGroup’s revenue to decline 9.8% year on year to $3.97 billion, a further deceleration from the 7.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.51 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. ManpowerGroup has missed Wall Street’s revenue estimates four times over the last two years.
Looking at ManpowerGroup’s peers in the professional services segment, only Concentrix has reported results so far. It met analysts’ revenue estimates, posting year-on-year sales declines of 1.3%. The stock traded up 42.3% on the results.
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