ManpowerGroup (MAN) Q1 Earnings: What To Expect

MAN Cover Image

Workforce solutions provider ManpowerGroup (NYSE: MAN) will be announcing earnings results this Thursday before the bell. Here’s what investors should know.

ManpowerGroup beat analysts’ revenue expectations last quarter, reporting revenues of $4.71 billion, up 7.1% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates.

Is ManpowerGroup a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting ManpowerGroup’s revenue to grow 8% year on year, a reversal from the 7.1% decrease it recorded in the same quarter last year.

ManpowerGroup Total Revenue

The majority of analysts covering the company have 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 multiple 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, delivering year-on-year sales growth of 5.4%. The stock was down 25.3% on the results.

Read our full analysis of Concentrix’s earnings results here.

There has been positive sentiment among investors in the professional services segment, with share prices up 6.2% on average over the last month. ManpowerGroup is up 11.6% during the same time and is heading into earnings with an average analyst price target of $36.89 (compared to the current share price of $29.23).

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