ManpowerGroup (MAN) Tops Q1 EPS by 43c, Revenues Beat; Offers 2Q EPS Guidance Above Consensus

ManpowerGroup (NYSE: MAN) reported Q1 EPS of $1.11, $0.43 better than the analyst estimate of $0.68. Revenue for the quarter came in at $4.9 billion versus the consensus estimate of $4.68 billion.

Jonas Prising, ManpowerGroup Chairman & CEO, said, "Our first quarter results reflect a continuation of the global recovery coupled with a strong execution of our strategic initiatives. Despite increased restrictions in many key markets, we saw improving momentum for all of our brands. The combination of technology investments and our people-first approach is allowing us to confidently manage global uncertainty, deliver locally and collaborate remotely.

We are pleased with the progress made during the first quarter of 2021 and remain confident that our Diversification, Digitization and Innovation initiatives are positioning ManpowerGroup for greater profitable growth in the future.

We anticipate diluted earnings per share in the second quarter will be between $1.36 and $1.44, which includes an estimated favorable currency impact of 10 cents."

GUIDANCE:

ManpowerGroup sees Q2 2021 EPS of $1.36-$1.44, versus the consensus of $1.11.

For earnings history and earnings-related data on ManpowerGroup (MAN) click here.

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