ManpowerGroup Says Current Operating Environment Is Difficult For The Industry; Anticipates Q4 EPS Of $1.17-$1.27
Portfolio Pulse from Benzinga Newsdesk
ManpowerGroup has announced that the current operating environment is challenging for the industry. The company expects its Q4 EPS to be between $1.17 and $1.27, which includes an estimated unfavorable currency impact of 1 cent. The guidance does not include expected restructuring costs and any Argentina related impact of non-cash currency translation losses.
October 19, 2023 | 11:40 am
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ManpowerGroup's Q4 EPS guidance is impacted by unfavorable currency conditions and does not account for restructuring costs and Argentina-related losses. This indicates potential financial challenges for the company.
The company's Q4 EPS guidance is lower than expected due to unfavorable currency conditions. Additionally, the guidance does not include potential costs related to restructuring and losses in Argentina, which could further impact the company's financial performance. This could lead to a negative reaction from the market, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100