ManpowerGroup Sees Q2 EPS Of $1.24 and $1.34 Vs. Cons. $1.21
Portfolio Pulse from Benzinga Newsdesk
ManpowerGroup projects its Q2 EPS to be between $1.24 and $1.34, surpassing the consensus estimate of $1.21. This forecast accounts for an estimated 7 cents unfavorable currency impact and excludes 8 cents from Proservia Germany's operating losses. Additionally, the guidance does not include any restructuring costs or impacts from Argentina's non-cash currency translation losses.

April 18, 2024 | 11:35 am
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ManpowerGroup's Q2 EPS forecast exceeds consensus estimates, indicating a positive outlook despite currency and operational challenges.
The projection of ManpowerGroup's Q2 EPS to be above consensus estimates suggests a stronger-than-expected financial performance. This positive outlook, even after accounting for currency impacts and excluding specific operational losses, indicates operational efficiency and a potentially favorable market response. The exclusion of restructuring costs and Argentina's currency translation losses from the guidance further clarifies the operational focus and financial health of the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100