Manpower Earnings: Everything You Must Know Now
Manpower Inc. (NYSE:MAN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Manpower Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 38.16% to $1.05 in the quarter versus EPS of $0.76 in the year-earlier quarter.
Revenue: Decreased 3.2% to $5.04 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Manpower Inc. reported adjusted EPS income of $1.05 per share. By that measure, the company beat the mean analyst estimate of $0.89. It beat the average revenue estimate of $5 billion.
Quoting Management: ManpowerGroup Chairman and CEO Jeffrey A. Joerres, said, “The second quarter results are solid evidence of our team’s strong execution of our recalibration efforts and a stabilizing global economy. We continue to make progress on improving our business mix with our ManpowerGroup Solutions, led by Recruitment Process Outsourcing growing at 19%.”
Key Stats (on next page)…
Revenue increased 5.68% from $4.77 billion in the previous quarter. EPS increased 66.67% from $0.63 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.89 to a profit $0.91. For the current year, the average estimate has moved up from a profit of $3.10 to a profit of $3.39 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)