ManpowerGroup ( (MAN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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ManpowerGroup’s stock has seen an unusual movement following the company’s Q4 revenue report of $4.4 billion, which fell short of the expected $4.43 billion. CEO Jonas Prising highlighted stable operations in North America and Europe, although certain European markets faced challenges, necessitating cost-cutting measures. Despite tough market conditions, the company continues to advance its global transformation efforts. However, analysts have reduced their price targets for ManpowerGroup, foreseeing diluted earnings per share between $0.47 and $0.57 in the next quarter, due to adverse currency impacts and a high effective tax rate.
More about ManpowerGroup
YTD Price Performance: 5.86%
Average Trading Volume: 651,456
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.83B
For further insights into MAN stock on TipRanks’ Stock Analysis page.
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