ManpowerGroup Analysts Slash Their Forecasts Following Q3 Results

ManpowerGroup Inc. (NYSE:MAN) on Thursday reported mixed third-quarter results.

The company reported adjusted earnings per share of $1.01, matching analyst estimates. Revenue totaled $4.840 billion, slightly below the consensus estimate of $4.856 billion, a shortfall of less than 1%. However, revenue grew 6% organically on a constant-currency, days-adjusted basis.

ManpowerGroup expects fourth-quarter revenue to grow 3% to 7% on a constant-currency basis, with a midpoint of 5%.

Organic revenue growth, adjusted for currency fluctuations and working days, is projected at 4% at the midpoint. The company forecasts fourth-quarter GAAP EPS of $1.03 to $1.13, above the analyst consensus estimate of $0.97.

Jonas Prising, ManpowerGroup Chair & CEO, said, “We delivered another quarter of consistent performance and strong execution as momentum continues across the organization. Our Manpower brand continues to lead the way, with notable share gains in the U.S. Our Experis and Talent Solutions brands experienced sequential revenue trend improvement which is encouraging. Our performance to date reinforces our confidence that 2026 is an inflection point for the business. At the same time, we continue to advance our transformation, expanding implementation beyond the U.S. and driving growth across our brands and regions while remaining on track to deliver on our cost savings target. Looking ahead, the combination of improving demand, strong execution, and continued progress on our transformation positions ManpowerGroup to drive sustainable, profitable growth.”

ManpowerGroup shares fell 4.8% to trade at $41.64 on Friday.

These analysts made changes to their price targets on ManpowerGroup following earnings announcement.

• JP Morgan analyst Andrew Steinerman maintained the stock with a Neutral and lowered the price target from $59 to $50.
• Goldman Sachs analyst George Tong maintained the stock with a Neutral and lowered the price target from $57 to $50.
• Baird analyst Mark Marcon maintained the stock with an Outperform rating and cut the price target from $72 to $65.

Considering buying MAN stock? Here’s what analysts think:

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