NYSE$MAN
ManpowerGroup Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
ManpowerGroup's Q3 2024 financial performance was impacted by a challenging environment in North America and Europe, but saw good demand in Latin America and Asia-Pacific.
ManpowerGroup reported Q3 2024 revenues of $4.5 billion, a 3% decrease year-over-year. Net earnings were $22.8 million, or $0.47 per diluted share, compared to $30.3 million, or $0.60 per diluted share, in the prior year. Excluding restructuring costs and a discrete tax item, earnings per share was $1.29.
- Revenues decreased by 3% as reported, and 2% in constant currency, totaling $4.5 billion.
- The business experienced a challenging environment in North America and Europe, while seeing good demand in Latin America and Asia-Pacific.
- Gross profit margin was 17.3% with solid staffing margins and stable permanent recruitment levels.
- SG&A reductions reflect adjustments to market conditions, decreasing by 5% as reported and on a constant currency basis.
Headline financials
Revenue & EPS history
ManpowerGroup · Revenue · Quarterly
$4.53B
Forward guidance
ManpowerGroup anticipates diluted earnings per share in the fourth quarter will be between $0.98 and $1.08, which includes an estimated unfavorable currency impact of 1 cent. This guidance excludes any restructuring costs and any Argentina related impact of non-cash currency translation losses.
Headwinds
- The operating environment has not changed significantly through the third quarter and employers in North America and Europe remain cautious.
- Anticipate diluted earnings per share in the fourth quarter will be between $0.98 and $1.08
- Includes an estimated unfavorable currency impact of 1 cent
- Guidance excludes any restructuring costs
- Guidance excludes any Argentina related impact of non-cash currency translation losses
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
-0.1%
Avg return
Earnings day
+0.0%
Avg return
5 days after
-1.2%
Avg return
30 days after
51%
35 / 69 earnings
Positive
+15.1%
Q4 2025
Best reaction
-19.1%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.7% | +3.6% | -15.6% | |
| Q4 2025 | +15.1% | +20.2% | -3.4% | |
| Q3 2025 | -6.8% | -9.6% | -24.7% | |
| Q2 2025 | -1.4% | +1.1% | -8.1% | |
| Q1 2025 | -19.1% | -13.4% | -11.2% | |
| Q4 2024 | +0.5% | -2.3% | -4.6% | |
| Q3 2024 | -12.2% | -15.4% | -17.0% | |
| Q2 2024 | -3.7% | -3.1% | -4.5% | |
| Q1 2024 | +6.8% | +9.1% | +9.7% | |
| Q4 2023 | -3.1% | -3.2% | -5.7% | |
| Q3 2023 | -1.6% | -3.0% | +5.8% | |
| Q2 2023 | -12.3% | -8.8% | -13.2% | |
| Q1 2023 | -6.2% | -5.8% | -8.3% | |
| Q4 2022 | +2.4% | +4.5% | -2.7% | |
| Q3 2022 | +5.2% | +5.9% | +18.5% | |
| Q2 2022 | -1.5% | -4.8% | +1.1% | |
| Q1 2022 | +8.1% | +4.1% | +0.8% | |
| Q4 2021 | +2.2% | +2.3% | -3.4% | |
| Q3 2021 | -8.0% | -10.1% | -12.4% | |
| Q2 2021 | -1.4% | +1.1% | +6.3% | |
| Q1 2021 | +4.8% | +9.8% | +9.3% | |
| Q4 2020 | -0.4% | +1.2% | +5.9% | |
| Q3 2020 | -1.4% | +4.2% | +20.9% | |
| Q2 2020 | -0.8% | -1.2% | +4.3% | |
| Q1 2020 | +8.0% | +11.0% | +15.5% | |
| Q4 2019 | -1.5% | +3.8% | -19.2% | |
| Q3 2019 | +4.3% | +5.0% | +8.7% | |
| Q2 2019 | -0.5% | +1.3% | -5.8% | |
| Q1 2019 | +10.3% | +11.7% | +5.8% | |
| Q4 2018 | +2.9% | +4.0% | +11.2% | |
| Q3 2018 | -2.5% | -5.8% | +1.2% | |
| Q2 2018 | +5.6% | +7.9% | +2.5% | |
| Q1 2018 | -15.8% | -19.1% | -20.0% | |
| Q4 2017 | -11.2% | -8.5% | -9.8% | |
| Q3 2017 | -1.3% | +0.4% | +2.8% | |
| Q2 2017 | -8.9% | -10.9% | -9.2% | |
| Q1 2017 | +1.6% | -0.6% | -1.3% | |
| Q4 2016 | +2.8% | +4.3% | +3.3% | |
| Q3 2016 | +8.0% | +7.5% | +17.2% | |
| Q2 2016 | +2.2% | +2.0% | +2.1% | |
| Q1 2016 | -5.0% | — | — | |
| Q4 2015 | +0.8% | — | — | |
| Q3 2015 | -4.4% | — | — | |
| Q2 2015 | -2.5% | — | — | |
| Q1 2015 | -1.6% | — | — | |
| Q4 2014 | +9.9% | — | — | |
| Q3 2014 | +1.5% | — | — | |
| Q2 2014 | -1.1% | — | — | |
| Q1 2014 | +6.3% | — | — | |
| Q4 2013 | -1.8% | — | — | |
| Q3 2013 | +1.3% | — | — | |
| Q2 2013 | +6.5% | — | — | |
| Q1 2013 | +2.9% | — | — | |
| Q4 2012 | +6.1% | — | — | |
| Q3 2012 | +9.0% | — | — | |
| Q2 2012 | -9.2% | — | — | |
| Q1 2012 | +0.8% | — | — | |
| Q4 2011 | +2.3% | — | — | |
| Q3 2011 | -3.0% | — | — | |
| Q2 2011 | -5.4% | — | — | |
| Q1 2010 | -0.2% | — | — | |
| Q1 2011 | +2.0% | — | — | |
| Q4 2008 | +3.2% | — | — | |
| Q4 2010 | +3.2% | — | — | |
| Q3 2009 | +1.3% | — | — | |
| Q3 2010 | +1.3% | — | — | |
| Q2 2009 | +1.3% | — | — | |
| Q2 2010 | -2.7% | — | — | |
| Q4 2009 | -2.7% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro