ManpowerGroup and Marsh Set to Report Third-Quarter Results

what happened

According to stockstory.org, ManpowerGroup will publish its third-quarter results on Thursday morning. The workforce solutions provider exceeded analysts’ revenue expectations in the previous quarter, reporting $4.86 billion, or 7.5% more than a year earlier. The company also beat estimates for earnings per share and surpassed guidance expectations for the following quarter. Markets are now looking for revenue growth of 4.5% year over year, compared with a 2.3% increase in the same quarter last year. Analysts have generally reaffirmed their estimates over the past 30 days. ManpowerGroup shares are down 10.9% over the last month, while the average analyst price target is $57.44 versus a current price of $51.69.

Marsh will also report on Thursday morning, stockstory.org said. The professional services firm posted $7.40 billion in revenue last quarter, a 6.2% year-over-year increase, beating expectations for revenue, organic growth and earnings per share. Analysts expect revenue to rise 4.5% this quarter, slowing from an 11.5% increase in the same period last year. Estimates have mostly been maintained over the past 30 days, although Marsh has missed Wall Street revenue forecasts several times over the last two years. Its stock has fallen 2% in a month, and the average price target is $202.67 versus $176.88 currently. Among its peers, only Concentrix has reported so far; its sales fell 1.2% year over year, while the stock was unchanged.

why it matters

The reports will provide fresh evidence on demand for professional services and revenue trends across the sector. Shares in the group have declined 1.1% on average over the past month, indicating relatively limited positioning ahead of the releases.

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