ManpowerGroup Q3 Earnings: A Bit More Of The Same, No Rush To Invest

Summary

• ManpowerGroup's Q3 '24 results showed mixed performance, with revenues slightly above expectations but EPS below, leading to a nearly 10% share price drop.
• The company's guidance for Q4, with lower-than-expected EPS and declining revenues, suggests continued market weakness and uncertainty.
• Despite cautious optimism, I see no clear signs of recovery; thus, I maintain a hold rating, awaiting better market conditions.
• Financially, ManpowerGroup remains stable, with operating income covering debt interest, but I'm not rushing to invest due to ongoing economic uncertainties.