HomeMost PopularInvestingWhat Can Investors Expect from ManpowerGroup's (MAN) Q3 Earnings?

What Can Investors Expect from ManpowerGroup’s (MAN) Q3 Earnings?

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ManpowerGroup Inc. (MAN) is set to announce its third-quarter 2023 results on October 19. Let’s take a closer look at what investors can expect from the upcoming earnings report.

Company’s Earnings Performance

ManpowerGroup’s earnings history has been mixed, with the company missing the Zacks Consensus Estimate in three of the past four quarters. On average, it has delivered a negative surprise of 1%. This track record raises some concerns about the company’s ability to meet expectations.

Expectations for Q3

Analysts are estimating that ManpowerGroup will report revenues of $4.7 billion for the third quarter, which would represent a 1.4% year-over-year decline. This decline is likely due to softening hiring demands, offsetting the expected strong performance of higher-margin brands. The consensus estimate for earnings is $1.34 per share, implying a 39.4% year-over-year decline. Weaker operating performance is expected to have impacted the bottom line negatively in the quarter.

What Does Our Model Say?

Our model does not predict an earnings beat for ManpowerGroup this time around. The combination of a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 would generally indicate a higher likelihood of beating earnings estimates. However, ManpowerGroup has an Earnings ESP of 0.00% and a Zacks Rank of 4 (Sell).

If you’re looking for other investment opportunities, here are a few stocks from the Business Services sector that our model suggests have the potential to beat earnings expectations this quarter:

Verisk Analytics (VRSK)

Verisk Analytics currently has an Earnings ESP of +10.52% and carries a Zacks Rank of 2. The company has a track record of beating earnings estimates, with an average surprise of 9.9% in the past four quarters.

S&P Global (SPGI)

S&P Global has an Earnings ESP of +0.23% and a Zacks Rank of 3. The company has beaten the Zacks Consensus Estimate in three of the past four quarters, with an average surprise of 3.9%.

Republic Services (RSG)

Republic Services currently has an Earnings ESP of +1.13% and carries a Zacks Rank of 3. The company has beaten the Zacks Consensus Estimate in all the past four quarters, with an average surprise of 9.3%.

Keep track of upcoming earnings announcements with the Zacks Earnings Calendar.

Investors should be aware of a sleeper stock that Zacks Investment Research believes could have a significant impact on the Artificial Intelligence sector. It is predicted to have an economic impact of $15.7 trillion by 2030. To find out more, download our free report along with four other β€œmust buys.”

If you’re interested in the latest recommendations from Zacks Investment Research, download the free report β€œ7 Best Stocks for the Next 30 Days.”

For more information and analysis on ManpowerGroup and other stocks, visit Zacks.com.

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