Overview

* ManpowerGroup ( MAN ) Q3 revenue grows 2% to $4.6 bln, beating analyst expectations

* Adjusted EPS for Q3 beats consensus, despite decrease in net earnings

* Company sees stabilization in North America and Europe, despite currency impacts

Outlook

* ManpowerGroup ( MAN ) expects Q4 diluted EPS between $0.78 and $0.88

* Company focuses on increasing market share and reducing structural costs

Result Drivers

* REGIONAL DEMAND - Stabilization in North America and Europe contributed to improved revenue trends

* BUSINESS MIX SHIFT - Gross profit margin impacted by shift towards enterprise clients and lower permanent recruitment

* RESTRUCTURING - SG&A expenses declined due to restructuring actions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $4.63 $4.59

Revenue bln bln (8

Analysts

)

Q3 Beat $0.83 $0.81

Adjusted (10

EPS Analysts

)

Q3 EPS $0.38

Q3 Net $18 mln

Income

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 $46.00, about 17.3% above its October 15 closing price of $38.02

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

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(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.)