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

Simply Wall St · 10/18 10:53

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).
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NYSE:MAN Earnings and Revenue Growth October 18th 2024

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.