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Upwork:Quarterly Results/2023 Q3: Difference between revisions
Upwork:Quarterly Results/2023 Q3 (view source)
Revision as of 13:26, 1 November 2023
, 1 November 2023→Competitor earnings expectations and results
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==== Randstad ==== | ==== Randstad ==== | ||
* According to Reuters, Randstad Q3 revenue missed estimates<ref name=":2">https://www.reuters.com/business/randstad-third-quarter-core-earnings-beat-expectations-2023-10-24/</ref>. | * According to Reuters, Randstad Q3 revenue '''missed estimates'''<ref name=":2">https://www.reuters.com/business/randstad-third-quarter-core-earnings-beat-expectations-2023-10-24/</ref>. | ||
* CEO Sander van 't Noordende said in the earnings call that Europe, Latin America and Asia Pacific were their best perfoming regions while '''North America was impacted by tough domestic market conditions'''<ref>https://seekingalpha.com/article/4644887-randstad-n-v-ranjf-q3-2023-earnings-call-transcript</ref>. | * CEO Sander van 't Noordende said in the earnings call that Europe, Latin America and Asia Pacific were their best perfoming regions while '''North America was impacted by tough domestic market conditions'''<ref>https://seekingalpha.com/article/4644887-randstad-n-v-ranjf-q3-2023-earnings-call-transcript</ref>. | ||
* Noordende added that the '''market trends seen in Q3 have continued into October''' and that looking ahead, "our markets continue to be defined by three prevailing trends. First, the scarcity of talent, second, clients seeking greater levels of support and of course '''digital.'''" | * Noordende added that the '''market trends seen in Q3 have continued into October''' and that looking ahead, "our markets continue to be defined by three prevailing trends. First, the scarcity of talent, second, clients seeking greater levels of support and of course '''digital.'''" | ||
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|} | |} | ||
==== Performance in the last few quarters ==== | ===== Performance in the last few quarters ===== | ||
{| class="wikitable" | {| class="wikitable" | ||
!Key Items | !Key Items | ||
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|} | |} | ||
==== About Randstad ==== | ===== About Randstad ===== | ||
* Ranstad is a Netherlands company founded in 1960 that helps people find jobs and advises clients on talent needs<ref name=":6">https://www.randstad.com/</ref>. | * Ranstad is a Netherlands company founded in 1960 that helps people find jobs and advises clients on talent needs<ref name=":6">https://www.randstad.com/</ref>. | ||
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* Upwork lists Randstad as one of its indirect competitors. | * Upwork lists Randstad as one of its indirect competitors. | ||
==== Manpower Group ==== | |||
* "'''Our third quarter results reflect the challenging operating environment for recruitment and resourcing in North America and Europe'''. We continued to see solid demand across Latin America and Asia Pacific Middle East. While the current operating environment is difficult for our industry, we are confident in our ability to adjust to the existing reality while being ready to pivot quickly when the situation improves," Jonas Prising, ManpowerGroup CEO said<ref>https://investor.manpowergroup.com/news-releases/news-release-details/manpowergroup-reports-3rd-quarter-2023-results</ref>. | |||
{| class="wikitable" | |||
!Key Items | |||
!Actual | |||
!Y/Y Growth | |||
!Estimate | |||
|- | |||
|Revenue<ref name=":3">https://qz.com/manpower-q3-earnings-snapshot-1850940593</ref> | |||
|$4.68 billion | |||
| -2.6% | |||
|$4.71 billion | |||
|- | |||
|Adjusted EPS<ref name=":3" /> | |||
|$1.38 | |||
| | |||
|$1.34 | |||
|} | |||
===== Performance in the last few quarters ===== | |||
{| class="wikitable" | |||
!Key Items | |||
!Q2 2023 | |||
!Y/Y Growth | |||
!Q1 2023 | |||
!Y/Y Growth | |||
!Q4 2022 | |||
!Y/Y Growth | |||
!Q3 2022 | |||
!Y/Y Growth | |||
!Q2 2022 | |||
!Y/Y Growth | |||
!Q1 2022 | |||
!Y/Y Growth | |||
|- | |||
|Revenue<ref name=":7">https://investor.manpowergroup.com/events-and-presentations/upcoming-events</ref> | |||
|$4.9 billion | |||
| -4% | |||
|$4.8 billion | |||
| -8% | |||
|$4.8 billion | |||
| -11% | |||
|$4.8 billion | |||
| -7% | |||
|$5.1 billion | |||
| -4% | |||
|$5.1 billion | |||
|4% | |||
|- | |||
|US revenue<ref name=":7" /> | |||
| | |||
| -18% | |||
| | |||
| -6% | |||
| | |||
| -5% | |||
| | |||
|38% | |||
| | |||
|44% | |||
| | |||
|46% | |||
|- | |||
|Manpower brand organic revenue in constant currency | |||
| | |||
| -1%<ref>https://investor.manpowergroup.com/static-files/79aa0e3e-48ec-4057-ad27-3036275feff7</ref> | |||
| | |||
| -1%<ref>https://seekingalpha.com/article/4595298-manpowergroup-man-q1-2023-earnings-call-transcript</ref> | |||
| | |||
| -1%<ref>https://seekingalpha.com/article/4573922-manpowergroup-man-q4-2022-earnings-call-transcript</ref> | |||
| | |||
|1%<ref>https://seekingalpha.com/article/4547806-manpowergroup-inc-man-q3-2022-earnings-call-transcript</ref> | |||
| | |||
|1%<ref>https://seekingalpha.com/article/4524279-manpowergroup-inc-man-ceo-jonas-prising-on-q2-2022-results-earnings-call-transcript</ref> | |||
| | |||
|5%<ref>https://seekingalpha.com/article/4502158-manpowergroup-inc-s-man-ceo-jonas-prising-on-q1-2022-results-earnings-call-transcript</ref> | |||
|} | |||
=====About Manpower Group===== | |||
*Its Experis solutions provides employers with IT infrastracture while Manpower solutions provides employers access to contingent and permanent workforce. | |||
*Its Talent solutions provide data solutions across talent life cycle. | |||
*Manpower comrised 58% of its gross profit in Q2 while Experis comprised 25%. Talent Soultions comprised 17%. | |||
== References == | == References == | ||