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ManpowerGroup Set to Report Third-Quarter Earnings as Revenue Growth Accelerates

NeutralMedium impact
MAN$51.64 0.68%

Workforce solutions firm ManpowerGroup Inc. (MAN) is scheduled to release its third-quarter financial results on Thursday morning. Wall Street projects quarterly revenue to grow 4.5% year over year, an improvement from the 2.3% sales increase reported in the same quarter last year.

Analyst expectations have held steady over the past 30 days heading into the announcement. The report follows a strong second quarter in which ManpowerGroup generated $4.86 billion in revenue, up 7.5% year over year, exceeding consensus targets for revenue and net income. Over the past month, the company's shares have dropped 10.9% to $51.64, while analysts maintain an average price target of $57.44.

Market participants will be looking to see if ManpowerGroup can sustain its revenue momentum amid broader weakness across professional services. In comparison, peer firm Concentrix recently reported a 1.2% year-over-year drop in sales, reflecting mixed conditions across the sector.

Key points

  • ManpowerGroup Inc. (MAN) reports its third-quarter financial results on Thursday morning.
  • Wall Street expects third-quarter revenue to increase by 4.5% year over year.
  • Analysts have kept revenue estimates unchanged over the past month, setting a mean price target of $57.44.
  • Company shares are down 10.9% over the past month, recently trading at $51.64.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

When does ManpowerGroup report Q3 earnings?

ManpowerGroup will announce its third-quarter earnings results on Thursday morning.

What are Wall Street expectations for ManpowerGroup Q3 revenue?

Analysts expect third-quarter revenue to grow 4.5% year over year, up from 2.3% in the same quarter last year.

What is the average analyst price target for ManpowerGroup?

The average analyst price target for ManpowerGroup stock is $57.44.