ManpowerGroup (MAN) To Report Earnings Tomorrow: Here Is What To Expect

Workforce solutions provider ManpowerGroup (NYSE:MAN) will be announcing earnings results this Thursday before market hours. Here’s what to expect.

ManpowerGroup beat analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $4.63 billion, up 2.3% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ EPS guidance for next quarter 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, analysts are expecting ManpowerGroup’s revenue to grow 5.2% year on year to $4.63 billion, a reversal from the 5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.82 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 three times over the last two years.

Looking at ManpowerGroup’s peers in the professional services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Booz Allen Hamilton’s revenues decreased 10.2% year on year, missing analysts’ expectations by 3.8%, and Concentrix reported revenues up 4.3%, topping estimates by 0.7%. Booz Allen Hamilton traded down 1.9% following the results while Concentrix was up 2.3%.

Read our full analysis of Booz Allen Hamilton’s results here and Concentrix’s results here.

There has been positive sentiment among investors in the professional services segment, with share prices up 2.2% on average over the last month. ManpowerGroup’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $38.67 (compared to the current share price of $30.11).

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