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.

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Manpower Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 26% to $0.63 in the quarter versus EPS of $0.50 in the year-earlier quarter.

Revenue: Decreased 6.43% to $4.77 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Manpower Inc. reported adjusted EPS income of $0.63 per share. By that measure, the company beat the mean analyst estimate of $0.46. It beat the average revenue estimate of $4.76 billion.

Quoting Management: Jeffrey A. Joerres, ManpowerGroup Chairman and CEO, said, “The first quarter performance was largely attributed to slightly stronger than anticipated revenues and tax credits. Additionally, our recalibration of our cost base is advancing ahead of schedule. Those efforts, which are focused on simplifying our business, were initially rolled out in the fourth quarter of 2012 and continued into the first quarter, resulting in the restructuring charge in the quarter. Our team has done an outstanding job dealing with the high levels of uncertainty in Europe and has continued to address client and prospect needs with our unique suite of solutions.
“We anticipate second quarter earnings per share will range between 84 cents to 92 cents before restructuring charges. We do not expect changes in currency rates to have a significant impact in the quarter based on current exchange rates.”

Key Stats (on next page)…

Revenue decreased 8.34% from $5.2 billion in the previous quarter. EPS decreased 30.77% from $0.91 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 $0.74 to a profit $0.77. For the current year, the average estimate has moved up from a profit of $2.89 to a profit of $3.11 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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