Why Workforce Solutions Company ManpowerGroup's Shares Are Trading Lower Today
Portfolio Pulse from Nabaparna Bhattacharya
ManpowerGroup's Q3 FY23 results show a decline in revenues and gross profit, with revenues missing analyst consensus. The company attributes this to challenging North American and European operating environments and a weaker U.S. dollar. Despite beating analyst consensus on adjusted EPS, the company's Q4 EPS outlook is lower than expected. This has led to a 4.21% drop in share price.
October 19, 2023 | 4:05 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
ManpowerGroup's Q3 FY23 results and Q4 outlook may negatively impact its stock price.
ManpowerGroup's Q3 FY23 results show a decline in revenues and gross profit, which missed analyst consensus. This, coupled with a lower than expected Q4 EPS outlook, has led to a drop in share price, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100