Agilysys, Manpower, Eli Lilly and Company, Innoviva and AbbVie highlighted as Zacks Bull and Bear of the Day

ManpowerGroup (NYSE: MAN) announced today that it is withdrawing its financial guidance for the quarter ending March 31, 2020 due to the rapidly changing environment as the COVID-19 pandemic continues to evolve.

Shares of ManpowerGroup tumbled 7.5% in premarket trading Monday, after the workforce services company reported earnings that missed expectations, although revenue topped forecasts, as the COVID-19 pandemic "significantly disrupted" its clients and demand for services. Net income fell to $1.7 million, or 3 cents a share, from $53.5 million, or 88 cents a share, in the year ago period. Excluding non-recurring items, such as restructuring charges and a pension settlement charge adjusted earnings per share came to 82 cents, below the FactSet consensus of 83 cents. Revenue declined 8.4% to $4.62 billion, but was above the FactSet consensus of $4.33 billion. Gross margin declined to 15.7% from 16.0%. The company said it won't provide second-quarter guidance, as it can't forecast when governments will lift current work restrictions. The stock has tumbled 36.1% over the past three months through Monday, while the S&P 500 has lost 15.0%.

ManpowerGroup (NYSE: MAN), the world leader in innovative workforce solutions, today announced that it plans to release 1st quarter earnings results before the market opens on Tuesday, April 21, 2020. Management will discuss the results the same day in a live webcast at 7:30 a.m. CDT (8:30 a.m. EDT), which can be accessed on the company's website.

ManpowerGroup (NYSE: MAN) today announced that due to the emerging public health impact of the coronavirus outbreak (COVID-19) and to support the health and well-being of its employees, shareholders and community, its 2020 Annual Meeting of Shareholders scheduled for Friday, May 8, 2020 at 9:00 a.m. CDT, will be held over the web in a virtual meeting format only. Shareholders will not be able to attend the Annual Meeting in person.

All of us – our businesses, our families and our communities – are living in unpredictable and fast-changing times. We are receiving news and changing information by the hour, constant reminders that this is unprecedented. And as COVID-19 continues to impact markets, borders and daily life around the world, it has never been truer that a resilient organization needs to plan for uncertainty and be built for change.

Talent Solutions has been named a global leader in Recruitment Process Outsourcing (RPO) in the Everest Group PEAK Matrix® Assessment 2020. The report recognizes Talent Solutions for its integrated offerings, Total Talent Management expertise and HR technology stack of best-in-class tools that provide technology, data and insight to enhance the candidate experience, de-risk hiring and unlock productivity.

Q1 2020 ManpowerGroup Inc Earnings Call

Unfavorable impact of coronavirus-related work restrictions erode ManpowerGroup's (MAN) first-quarter 2020 revenues.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of ManpowerGroup Inc. New York, May 20, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of ManpowerGroup Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

Kelly Services Inc. said it was taking several actions in response to labor market disruptions caused by the COVID-19 pandemic, including furloughing and redeployment of some employees, suspending its dividend, cutting pay for full-time salaried employees and senior management by 10% and suspending its 401(k) match. The company said its board supported a draw-down from the company's credit facility. Shares of job placement company dropped 7.1% in morning trading. Among some of its staffing services peers, shares of ManpowerGroup gave up 4.8% and Robert Half International Inc. lost 3.8%. Kelly had most-recently paid a quarterly dividend of 7.5 cents a share in February. "In light of the current uncertain environment, we took additional precautionary actions to further strengthen our balance sheet and enhance our financial flexibility," said Chief Executive Peter Quigley. "While certainly painful, some shared sacrifice now will provide us the opportunity to remain strong and well-positioned coming out of this crisis." Kelly's stock has plunged 40.2% over the past three months, while the S&P 500 has declined 15.9%.

ManpowerGroup's (MAN) first-quarter 2020 earnings and revenues are expected to have declined year over year

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Manpower (MAN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

Manpower (MAN) delivered earnings and revenue surprises of -2.74% and 13.36%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Automatic Data Processing (ADP) third-quarter fiscal 2020 earnings and revenues improve on a year-over-year basis.

Bear Of The Day: Manpower Group (MAN)

Manpower (MAN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Company looks to boost foreign income amid domestic dominance Continue reading...