Why Is MANPOWERGROUP INC WI (MAN) Stock Down Today?

ManpowerGroup shares fell 17.61% to $42.81 on Thursday. The sharp decline followed the release of third-quarter results where sales missed estimates, compounded by the announcement of a leadership transition.

What Happened

The company reported Q3 2026 revenue of $4.84 billion, which fell short of the $4.856 billion consensus estimate. Adjusted EPS came in at $1.01, matching the consensus figure exactly. While operating profit grew to $82.30 million, gross profit remained essentially flat year over year. Management guided for Q4 diluted EPS between $1.03 and $1.13, compared to a consensus of $1.10.

Simultaneously, the board announced that Becky Frankiewicz will succeed Jonas Prising as CEO effective January 1, 2027. Prising will transition to the role of Executive Chair. The company stated it is leaning more into AI as part of its strategic direction.

What The Data Shows

The stock opened at $52.61, a 1.3% gap up from the prior close of $51.96. It reached a session high of $52.99 at 7:05 AM ET before plunging to a session low of $41.00 at 7:45 AM ET. The stock printed a fresh 52-week low on October 15, 2026. Volume stood at 0.3 million shares, which is 0.2 times the three-month daily average.

Fundamentals show a market cap of $2.4 billion and a P/E ratio of 23.3. The company has a beta of 0.67 and a dividend yield of 2.79%. Trailing twelve-month revenue grew 6.7%, while the net margin is 0.6%. The 52-week range is $25.15 to $63.88.

What To Watch

The next scheduled earnings date is October 15, 2026. Investors will monitor the breadth of coverage and the market's reaction to the new CEO's strategic priorities.