ManpowerGroup Beats Up on Analysts Yet Again
ManpowerGroup (NYS: MAN) reported earnings on July 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), ManpowerGroup met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew significantly.
Margins increased across the board.
ManpowerGroup reported revenue of $5.04 billion. The 12 analysts polled by S&P Capital IQ looked for a top line of $5.00 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.05. The 12 earnings estimates compiled by S&P Capital IQ averaged $0.90 per share. Non-GAAP EPS of $1.05 for Q2 were 38% higher than the prior-year quarter's $0.76 per share. GAAP EPS of $0.87 for Q2 were 71% higher than the prior-year quarter's $0.51 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 16.6%, 10 basis points better than the prior-year quarter. Operating margin was 2.5%, 10 basis points better than the prior-year quarter. Net margin was 1.4%, 60 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $5.12 billion. On the bottom line, the average EPS estimate is $0.91.
Next year's average estimate for revenue is $20.13 billion. The average EPS estimate is $3.41.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ManpowerGroup is outperform, with an average price target of $58.25.
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The article ManpowerGroup Beats Up on Analysts Yet Again originally appeared on Fool.com.
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