Overview

* ManpowerGroup ( MAN ) Q2 revenue flat at $4.5 bln, beating analyst expectations, per LSEG data

* Adjusted EPS for Q2 beats analyst estimates, per LSEG data

* Recruitment company sees mixed demand globally, with stabilization in US and parts of Europe

Outlook

* ManpowerGroup ( MAN ) anticipates Q3 diluted EPS between $0.77 and $0.87

* Company sees positive signs of demand stabilization in US and parts of Europe

* ManpowerGroup ( MAN ) focuses on market share gains amid economic volatility

* Company aims to accelerate AI adoption to enhance client value

Result Drivers

* GOODWILL IMPAIRMENT - Co incurred an $89 million non-cash goodwill impairment charge, affecting net earnings

* MIXED DEMAND - Stabilization in US and parts of Europe, while Latin America and Asia Pacific saw good demand

* BRAND PERFORMANCE - Manpower and Talent Solutions returned to revenue growth, while Experis faced declines due to sluggish professional staffing demand

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $4.52 $4.36

Revenue bln bln (8

Analysts

)

Q2 Beat $0.78 $0.68

Adjusted (10

EPS Analysts

)

Q2 EPS -$1.44

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 9 "hold" and 1 "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 ( MAN ) is $48.00, about 10.2% above its July 16 closing price of $43.10

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)