ManpowerGroup Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

ManpowerGroup (NYSE:MAN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$4.53b (down 3.1% from 3Q 2023).
• Net income: US$22.8m (down 25% from 3Q 2023).
• Profit margin: 0.5% (down from 0.6% in 3Q 2023).
• EPS: US$0.48 (down from US$0.61 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ManpowerGroup Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 63%.

Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are down 4.4% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for ManpowerGroup (1 is concerning!) that you need to take into consideration.

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