ManpowerGroup Q2 revenue, adjusted EPS beat estimates amid strong demand
MAN•Outlook and analyst coverage
- ManpowerGroup expects Q3 diluted EPS between $0.96 and $1.06, including 2 cent currency headwind
- Company maintains view that 2026 is an inflection point as it executes transformation strategy
- The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the employment services peer group is "buy."
- Wall Street's median 12-month price target for ManpowerGroup Inc is $37.00, about 5.2% below its July 15 closing price of $39.02
- The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 7 three months ago
Demand and profitability drivers
- REGIONAL DEMAND - Strong demand in the United States, Latin America, APME, and select European countries including Italy, Spain, Poland and Norway drove revenue growth
- BRAND PERFORMANCE - Very strong revenue growth in Manpower brand; improved trends in Experis and Talent Solutions, especially in the United States
- COST DISCIPLINE - Gross profit growth combined with SG&A reductions generated meaningful growth in profitability year over year
Quarterly results beat estimates
- Workforce solutions provider's Q2 revenue rose 8% yr/yr, beating analyst expectations
- Adjusted EPS for Q2 beat consensus
