ManpowerGroup Q2 Adj. EPS $1.58 Misses $1.62 Estimate, Sales $4.86B Beat $4.85B Estimate
Portfolio Pulse from Benzinga Newsdesk
ManpowerGroup (NYSE:MAN) reported Q2 adjusted earnings of $1.58 per share, missing the analyst consensus estimate of $1.62 by 2.47 percent. However, the company's quarterly sales of $4.86 billion beat the analyst consensus estimate of $4.85 billion by 0.12 percent. This represents a 4.30 percent decrease over sales of $5.07 billion the same period last year.
July 20, 2023 | 11:36 am
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NEUTRAL IMPACT
ManpowerGroup's Q2 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertain market reactions.
ManpowerGroup's earnings miss could negatively impact the stock as it indicates lower profitability. However, the sales beat could offset this as it shows strong demand for the company's services. The net impact is uncertain and will depend on which aspect the market focuses on.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100