Overview

• ManpowerGroup 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 anticipates Q3 diluted EPS between $0.77 and $0.87

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

• ManpowerGroup 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

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 is $48.00, about 10.2% above its July 16 closing price of $43.10

Press Release: ID:nPn782mHka

(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.)