Manpower (MAN) Poised To Gain From Improved Labor Market
Zacks Investment Research | Jan 10, 2018 10:17PM ET
On Jan 11, we updated the research report on ManpowerGroup Inc. (NYSE:MAN) , a leader in the employment services industry.
By providing services ranging from staffing solutions to engagement and consulting services including permanent, temporary and contract recruitment, employee assessment, selection, training, outplacement, outsourcing and consulting, ManpowerGroup has turned itself into a true global staffing firm. Its brand value and strong global network give it an edge over its peers.
The company has operations in America, Europe and APME (Asia Pacific & Middle East). According to an employment outlook survey published by the company, the year-over-year employer hiring plans for the first quarter of 2018 appear stronger in 60% countries. Domestic job market also improved in the last three months after a pull-back in September with two back-to-back hurricanes. This bullish outlook is likely to work in the favor of a company, which specialises in providing global staffing solutions.
The European segment of the company, which contributed about 67% of consolidated revenues in the last quarter with the Southern European division contributing about 42% and the Northern European division about 25%, is expected to further strengthen in the upcoming quarters.
However, the impact of the Brexit referendum on employment and economic condition of the region remains uncertain and has the potential to adversely affect the company’s revenues to a large extent. Shares of the company have underperformed the Zacks Investment Research
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