ManpowerGroup (MAN) Reports Earnings Tomorrow: What To Expect

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Workforce solutions provider ManpowerGroup (NYSE: MAN) will be reporting earnings this Thursday before market open. Here’s what to look for.

ManpowerGroup beat analysts’ revenue expectations last quarter, reporting revenues of $4.51 billion, up 10.3% year on year. It was a mixed quarter for the company,  with EPS guidance for next quarter exceeding analysts' estimates but 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 4.5% year on year, improving from its flat revenue in the same quarter last year.

ManpowerGroup Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will 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 1.9%. The stock was down 11.2% on the results.

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

Investors in the professional services segment have had steady hands going into earnings, with share prices up 1.7% on average over the last month. ManpowerGroup is up 17.5% during the same time and is heading into earnings with an average analyst price target of $37.61 (compared to the current share price of $39.18).

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