ManpowerGroup MAN 2025Q3 Earnings Preview Downside Risk Amid Earnings Volatility

Forward-Looking Analysis
ManpowerGroup has guided for third-quarter 2025 earnings per share (EPS) between $0.77 to $0.85. Analysts have yet to provide consensus revenue or net income forecasts, though the company expects a flat revenue trend following Q2’s $4.52 billion performance. The Q2 results included an $89 million goodwill impairment and a $67 million net loss, significantly dragging down EPS to -$1.44. While the company highlighted AI-driven innovation and strategic initiatives to navigate macroeconomic challenges, cash flow remains a concern. No major analyst upgrades or downgrades have been reported, and price targets remain unmentioned in the provided summaries.

Historical Performance Review
In Q2 2025, ManpowerGroup reported revenue of $4.52 billion, with a net loss of $67.10 million and an EPS of -$1.44. The results were heavily impacted by an $89 million goodwill impairment and deteriorating cash flow. Gross profit stood at $763.70 million, though earnings per share were further reduced by 6 cents due to foreign currency fluctuations year-over-year.

Additional News
ManpowerGroup announced it will release its third-quarter 2025 earnings report on October 16, 2025. During its Q2 earnings call, the company highlighted steady global hiring trends and ongoing AI-driven innovation to support its workforce solutions. The firm is also focusing on strategies to address macroeconomic challenges, including shifting labor market dynamics. No major M&A activity, product launches, or CEO announcements were disclosed in the recent news summaries.

Summary & Outlook
ManpowerGroup’s Q2 2025 results reflected a challenging operating environment marked by a net loss and goodwill impairment, yet revenue remained robust at $4.52 billion. Gross profit of $763.70 million underscores some operational resilience, though EPS was severely impacted by non-revenue factors. With Q3 guidance for EPS between $0.77 and $0.85, the company faces a critical test of its turnaround strategies. While AI innovation and global hiring stability offer growth potential, cash flow and earnings volatility remain key risks. The outlook is cautiously neutral, with execution on strategic initiatives and macroeconomic clarity likely to shape future performance.