ManpowerGroup (MAN) Q4 Earnings Beat, Revenues Miss Estimates
Zacks Investment Research | Jan 31, 2019 08:35PM ET
ManpowerGroup Inc. (NYSE:MAN) posted mixed fourth-quarter 2018 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same.
Adjusted earnings per share came in at $2.44, which beat the consensus mark by 24 cents and rose 15.1% on a year-over-year basis.
Revenues of $5.39 billion lagged the consensus mark by $152 million and declined 4.3% year over year on a reported basis. The reported figure inched down 1% on a constant-currency basis. Weak revenues reflect softness in Europe, partially offset by strength in Asia Pacific & Middle East (APME), Latin America and Canada.
ManpowerGroup is trying to mitigate this revenue softness through strong pricing discipline and cost control. It continues to witness solid growth in the solutions business, especially in MSP and RPO solutions.
In a bid to increase productivity and efficiency, the company is making significant investments in technology. It is implementing front office systems, cloud-based and mobile applications.
Factors such as skilled professionals, technological advancements, brand value and strong global network bode well for ManpowerGroup. Additionally, Trump administration’s business-friendly approach, a strong U.S. economy, robust manufacturing and non-manufacturing activity, and improvements in the labor market augur well for the company.
These tailwinds may lift the company’s share price ahead. In a year’s time, shares of ManpowerGroup have declined 35.5% against the Original post
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