ManpowerGroup Third Quarter Earnings Sneak Peek

ManpowerGroup (NYSE:MAN) will unveil its latest earnings on Friday, October 21, 2011. Manpower is in the employment services industry whose five brands are Manpower, Manpower Professional, Elan, Jefferson Wells, and Right Management. The company provides a range of services for the entire employment and business cycle.

ManpowerGroup Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 95 cents per share, a rise of 53.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 97 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 96 cents during the last month. For the year, analysts are projecting net income of $3.17 per share, a rise of 84.3% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 8 cents, reporting profit of 87 cents per share against a mean estimate of net income of 79 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 17.1% in revenue from the year-earlier quarter to $5.82 billion.

Analyst Ratings: nine out of 12 analysts surveyed (75%) have a buy rating on ManpowerGroup.. This is below the mean analyst rating of 10 competitors, which average 76.9% buy ratings.

A Look Back: In the second quarter, profit rose more than twofold to $72.7 million (87 cents a share) from $32.7 million (40 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 23.6% to $5.67 billion from $4.59 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 21.1%, with the biggest boost coming in the first quarter when revenue rose 23.7% from the year earlier quarter.

Competitors to Watch: Robert Half Intl. Inc. (NYSE:RHI), Kelly Services, Inc. (NASDAQ:KELYA), SFN Group Inc (NYSE:SFN), Volt Information Sciences, Inc. (VISI), Barrett Business Services, Inc. (NASDAQ:BBSI), Kforce Inc. (NASDAQ:KFRC), Hudson Highland Group, Inc. (NASDAQ:HHGP), TrueBlue, Inc. (NYSE:TBI), Mastech Holdings, Inc. (AMEX:MHH), and General Employment Enterprises, Inc. (AMEX:JOB).

Stock Price Performance: During July 25, 2011 to October 18, 2011, the stock price had fallen $12.49 (-23.6%) from $53 to $40.51. The stock price saw one of its best stretches over the last year between November 30, 2010 and December 10, 2010 when shares rose for nine-straight days, rising 13% (+$7.21) over that span. It saw one of its worst periods between July 21, 2011 and August 8, 2011 when shares fell for 13-straight days, falling 26.8% (-$14.74) over that span. Shares are down $21.83 (-35%) year to date.

(Source: Xignite Financials)

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