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ManpowerGroup (MAN) Gears Up for Q3 Earnings: What to Expect?

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ManpowerGroup Inc. (MAN) is scheduled to report third-quarter 2022 results on Oct 20, before the bell.

The company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in all the trailing four quarters, delivering an earnings surprise of 8.1%, on average.

Expectations This Time Around

The Zacks Consensus Estimate for ManpowerGroup’s revenues in the to-be-reported quarter is pegged at $5.06 billion, indicating a 1.5% year-over-year decline. The top line is likely to have been weighed down by continued supply chain disruptions in European markets, offsetting the expected strong performance of higher-margin brands and revenue growth in Experis and Talent Solutions.

The consensus estimate for earnings stands at $2.23 per share, implying a 15.5% year-over-year improvement, likely driven by strong operating performance.

What Our Model Says

Our proven model does not conclusively predict an earnings beat for ManpowerGroup this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

ManpowerGroup has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank stocks here.

ManpowerGroup Inc. Price and EPS Surprise

 

Stocks That Warrant a Look

Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this season:

Booz Allen Hamilton Holding Corporation (BAH - Free Report)  has an Earnings ESP of +3.27% and a Zacks Rank of 2.

Booz Allen has an expected earnings growth rate of 3.6% for the current year. BAH has a trailing four-quarter earnings surprise of 8.3%, on average.

Gartner, Inc. (IT - Free Report)  has an Earnings ESP of +2.15% and carries a Zacks Rank #3.

Gartner has an expected revenue growth rate of 13.7% and 10.3% for the current year and next year, respectively. IT has a trailing four-quarter earnings surprise of 25.3%, on average.

Riot Blockchain (RIOT - Free Report)  has an Earnings ESP of +125.5% and a Zacks Rank #3.

Riothas an expected revenue growth rate of 41.2% for the current year and 69.1% for the next year.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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