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ManpowerGroup Stock Declines 3.2% Since Q3 Earnings Beat
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Key Takeaways
MAN's Q3 EPS of $0.83 beat estimates by 1.2% but fell 35.7% year over year.
Revenues rose 2.3% to $4.63B, topping estimates, with strong gains in the Americas and Southern Europe.
Cash fell to $274.6M while $38.2M was spent on share repurchases in the quarter.
ManpowerGroup, Inc. (MAN - Free Report) reported impressive third-quarter 2025 results, wherein both earnings and revenues beat the Zacks Consensus Estimate.
However, the better-than-expected results failed to impress the market, as the stock has declined 3.2% since the company released results on Oct. 16.
Quarterly adjusted earnings per share (EPS) came in at 83 cents, which beat the Zacks Consensus Estimate by 1.2% but decreased 35.7% year over year. Total revenues of $4.63 billion beat the consensus estimate by 0.6% and rose 2.3% year over year.
ManpowerGroup Inc. Price, Consensus and EPS Surprise
ManpowerGroup shares have declined 44.8% over the past year compared with a 35% drop in the industry it belongs to and the 18.5% rise of the Zacks S&P 500 composite.
MAN: Other Quarterly Details
Revenues from America of $1.1 billion were above our expectations of $1.07 billion and increased 4.6% year over year on a reported basis and increased 5.5% at cc. In the United States, revenues reached $690.8 million, missing our estimate of $708.6 million and declining 0.9% year over year. In the Other Americas subgroup, revenues of $407.9 million beat our projection of $361 million. These revenues increased 15.5% on a reported basis and 18.3% at cc.
Revenues from Southern Europe of $2.21 billion were above our projection of $2.16 billion, rising 5.2% on a reported basis but declining 1.3% at cc. Revenues from France were $1.74 billion, above our expectations. Revenues from France were up 1.4% on a reported basis but down 4.7% at cc. Revenues from Italy amounted to $462.5 million, surpassing our estimate of $443.5 million. The metric increased 10.3% on a reported basis and 3.7% at cc. The Other Southern Europe sub-segment generated revenues of $569.5 million, which beat our expectations of $533.3 million. These revenues were up 9.6% year over year on a reported basis and 2.2% at cc.
Northern Europe revenues declined 1.4% on a reported basis and 6.7% at cc to $816.8 million, underperforming our estimate of $818.2 million. APME revenues totaled $520.5 million, surpassing our estimate of $513 million but declining 7.5% on a reported basis and 8% at cc.
MAN’s Operating Performance
The company registered an operating profit of $66.6 million, down 6.1% year over year on a reported basis and 3.5% at cc.
Key Balance Sheet & Cash Flow Figures of MAN
ManpowerGroup exited the quarter with a cash and cash equivalent balance of $274.6 million compared with $509.4 million in the December-end quarter of 2024. Long-term debt at the end of the quarter was $468.3 million compared with $929.4 million in the preceding year’s December-end quarter.
The company used $283 million of cash from operating activities. Capital expenditures were $46.4 million. It spent $38.2 million on repurchasing common stock in the quarter.
MAN’s Q4 Guidance
Management guided third-quarter EPS in the range of 78-88 cents, with a midpoint of 83 cents. The Zacks Consensus Estimate is pegged at 80 cents. The company’s guided range includes an estimated favorable currency impact of 8 cents and a 46.5% effective tax rate.
Here are a few stocks from the broader Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this season.
AppLovin (APP - Free Report) : The Zacks Consensus Estimate for the company’s third-quarter 2025 revenues is pegged at $1.34 billion, indicating a 11.7% rise year over year. For earnings, the consensus mark is pegged at $2.36 per share, suggesting an 88.8% increase from the year-ago quarter’s reported figure. The company beat the consensus estimate in each of the past four quarters, delivering an average surprise of 22.4%.
APP currently has an Earnings ESP of +2.46% and a Zacks Rank of 2 (Buy).
Corpay, Inc. (CPAY - Free Report) : The Zacks Consensus Estimate for the company’s third-quarter 2025 revenues is pegged at $1.17 billion, implying a 13.25% rise year over year. For earnings, the consensus mark is pegged at $5.63 per share, indicating a 12.6% rise year over year. The company beat the consensus estimate thrice in the past four quarters and met once, delivering an average surprise of 0.35%.
CPAY currently has an Earnings ESP of +0.04% and a Zacks Rank of 3.
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ManpowerGroup Stock Declines 3.2% Since Q3 Earnings Beat
Key Takeaways
ManpowerGroup, Inc. (MAN - Free Report) reported impressive third-quarter 2025 results, wherein both earnings and revenues beat the Zacks Consensus Estimate.
However, the better-than-expected results failed to impress the market, as the stock has declined 3.2% since the company released results on Oct. 16.
Quarterly adjusted earnings per share (EPS) came in at 83 cents, which beat the Zacks Consensus Estimate by 1.2% but decreased 35.7% year over year. Total revenues of $4.63 billion beat the consensus estimate by 0.6% and rose 2.3% year over year.
ManpowerGroup Inc. Price, Consensus and EPS Surprise
ManpowerGroup Inc. price-consensus-eps-surprise-chart | ManpowerGroup Inc. Quote
ManpowerGroup shares have declined 44.8% over the past year compared with a 35% drop in the industry it belongs to and the 18.5% rise of the Zacks S&P 500 composite.
MAN: Other Quarterly Details
Revenues from America of $1.1 billion were above our expectations of $1.07 billion and increased 4.6% year over year on a reported basis and increased 5.5% at cc. In the United States, revenues reached $690.8 million, missing our estimate of $708.6 million and declining 0.9% year over year. In the Other Americas subgroup, revenues of $407.9 million beat our projection of $361 million. These revenues increased 15.5% on a reported basis and 18.3% at cc.
Revenues from Southern Europe of $2.21 billion were above our projection of $2.16 billion, rising 5.2% on a reported basis but declining 1.3% at cc. Revenues from France were $1.74 billion, above our expectations. Revenues from France were up 1.4% on a reported basis but down 4.7% at cc. Revenues from Italy amounted to $462.5 million, surpassing our estimate of $443.5 million. The metric increased 10.3% on a reported basis and 3.7% at cc. The Other Southern Europe sub-segment generated revenues of $569.5 million, which beat our expectations of $533.3 million. These revenues were up 9.6% year over year on a reported basis and 2.2% at cc.
Northern Europe revenues declined 1.4% on a reported basis and 6.7% at cc to $816.8 million, underperforming our estimate of $818.2 million. APME revenues totaled $520.5 million, surpassing our estimate of $513 million but declining 7.5% on a reported basis and 8% at cc.
MAN’s Operating Performance
The company registered an operating profit of $66.6 million, down 6.1% year over year on a reported basis and 3.5% at cc.
Key Balance Sheet & Cash Flow Figures of MAN
ManpowerGroup exited the quarter with a cash and cash equivalent balance of $274.6 million compared with $509.4 million in the December-end quarter of 2024. Long-term debt at the end of the quarter was $468.3 million compared with $929.4 million in the preceding year’s December-end quarter.
The company used $283 million of cash from operating activities. Capital expenditures were $46.4 million. It spent $38.2 million on repurchasing common stock in the quarter.
MAN’s Q4 Guidance
Management guided third-quarter EPS in the range of 78-88 cents, with a midpoint of 83 cents. The Zacks Consensus Estimate is pegged at 80 cents. The company’s guided range includes an estimated favorable currency impact of 8 cents and a 46.5% effective tax rate.
ManpowerGroup currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stocks to Consider
Here are a few stocks from the broader Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this season.
AppLovin (APP - Free Report) : The Zacks Consensus Estimate for the company’s third-quarter 2025 revenues is pegged at $1.34 billion, indicating a 11.7% rise year over year. For earnings, the consensus mark is pegged at $2.36 per share, suggesting an 88.8% increase from the year-ago quarter’s reported figure. The company beat the consensus estimate in each of the past four quarters, delivering an average surprise of 22.4%.
APP currently has an Earnings ESP of +2.46% and a Zacks Rank of 2 (Buy).
Corpay, Inc. (CPAY - Free Report) : The Zacks Consensus Estimate for the company’s third-quarter 2025 revenues is pegged at $1.17 billion, implying a 13.25% rise year over year. For earnings, the consensus mark is pegged at $5.63 per share, indicating a 12.6% rise year over year. The company beat the consensus estimate thrice in the past four quarters and met once, delivering an average surprise of 0.35%.
CPAY currently has an Earnings ESP of +0.04% and a Zacks Rank of 3.