We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ManpowerGroup (MAN) to Post Q3 Earnings: What's in Store?
Read MoreHide Full Article
ManpowerGroup Inc. (MAN - Free Report) is slated to report third-quarter 2016 results before the opening bell on Oct 21, 2016. In the previous quarter, the company surpassed the Zacks Consensus estimate by 5.3%. Notably, it beat the Zacks Consensus Estimate in each of the last four quarters, with an average earnings surprise of 10.1%. However, it is to be seen if the company will be able to keep its earnings streak alive in this quarter as well.
Earnings Whispers
Our proven model does not conclusively show that ManpowerGroup is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. ManpowerGroup has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate both stand at $1.71. The company carries a Zacks Rank #3. Though the company’s Zacks Rank #3 increases the predictive power of ESP, we need to have a positive ESP to be confident about an earnings surprise.
We believe the slow and uneven pace of global recovery may not bode well for the company. Moreover, the strengthening U.S. dollar will continue to affect ManpowerGroup’s quarterly performance as the international markets contribute nearly 85% of its revenues. More importantly, the Brexit will have an impact on its business. Management earlier said foreign currency headwinds are likely to hamper revenue growth by 3 cents per share during third-quarter 2016. Including a negative impact of foreign exchange, ManpowerGroup anticipates third-quarter 2016 earnings per share in the range of $1.66–$1.74. The company expects revenue growth in the Americas as well as Southern Europe to be in the flat to lower single-digit range. For Northern Europe and APME, it estimates revenue growth in the upper mid-single-digit range.
Stocks that Warrant a Look
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Big 5 Sporting Goods Corp. (BGFV - Free Report) has an Earnings ESP of +3.33% and a Zacks Rank #1.
Mattel, Inc. (MAT - Free Report) has an Earnings ESP of +1.43% and flaunts a Zacks Rank #1.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
ManpowerGroup (MAN) to Post Q3 Earnings: What's in Store?
ManpowerGroup Inc. (MAN - Free Report) is slated to report third-quarter 2016 results before the opening bell on Oct 21, 2016. In the previous quarter, the company surpassed the Zacks Consensus estimate by 5.3%. Notably, it beat the Zacks Consensus Estimate in each of the last four quarters, with an average earnings surprise of 10.1%. However, it is to be seen if the company will be able to keep its earnings streak alive in this quarter as well.
Earnings Whispers
Our proven model does not conclusively show that ManpowerGroup is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. ManpowerGroup has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate both stand at $1.71. The company carries a Zacks Rank #3. Though the company’s Zacks Rank #3 increases the predictive power of ESP, we need to have a positive ESP to be confident about an earnings surprise.
MANPOWER INC WI Price and EPS Surprise
MANPOWER INC WI Price and EPS Surprise | MANPOWER INC WI Quote
Factors Influencing This Quarter
We believe the slow and uneven pace of global recovery may not bode well for the company. Moreover, the strengthening U.S. dollar will continue to affect ManpowerGroup’s quarterly performance as the international markets contribute nearly 85% of its revenues. More importantly, the Brexit will have an impact on its business. Management earlier said foreign currency headwinds are likely to hamper revenue growth by 3 cents per share during third-quarter 2016. Including a negative impact of foreign exchange, ManpowerGroup anticipates third-quarter 2016 earnings per share in the range of $1.66–$1.74. The company expects revenue growth in the Americas as well as Southern Europe to be in the flat to lower single-digit range. For Northern Europe and APME, it estimates revenue growth in the upper mid-single-digit range.
Stocks that Warrant a Look
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Amazon.com, Inc. (AMZN - Free Report) has an Earnings ESP of +6.98% and sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Big 5 Sporting Goods Corp. (BGFV - Free Report) has an Earnings ESP of +3.33% and a Zacks Rank #1.
Mattel, Inc. (MAT - Free Report) has an Earnings ESP of +1.43% and flaunts a Zacks Rank #1.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>