Manpower Expects Q3 FY23 EPS To Be Between $1.32 and $1.42 Vs. $1.55 Estimate
Portfolio Pulse from Benzinga Newsdesk
ManpowerGroup (MAN) has provided its Q3 FY23 earnings per share (EPS) guidance, expecting it to be between $1.32 and $1.42, lower than the $1.55 estimate. The guidance includes an estimated favorable currency impact of 8 cents but excludes expected restructuring costs and Argentina-related non-cash currency translation losses.
July 20, 2023 | 11:41 am
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NEGATIVE IMPACT
ManpowerGroup's lower-than-expected Q3 FY23 EPS guidance may negatively impact its stock price in the short term. The guidance includes a favorable currency impact but excludes restructuring costs and Argentina-related losses.
Earnings per share (EPS) is a key indicator of a company's profitability. Lower-than-expected EPS often leads to a decrease in the company's stock price as it indicates lower profitability than anticipated. In this case, ManpowerGroup's lower-than-expected EPS guidance for Q3 FY23 may lead to a negative sentiment among investors, potentially causing a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100