Professional staffing firm Kforce (NYSE: KFRC) will be reporting results this Monday after the bell. Here’s what you need to know.
Kforce met analysts’ revenue expectations last quarter, reporting revenues of $330.4 million, flat year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EPS guidance for next quarter estimates.
Is Kforce a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Kforce’s revenue to grow 4.3% year on year, a reversal from the 6.2% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Kforce has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Kforce’s peers in the professional services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. ManpowerGroup delivered year-on-year revenue growth of 7.5%, beating analysts’ expectations by 2.9%, and Robert Half reported a revenue decline of 2.4%, topping estimates by 1%. ManpowerGroup traded up 34.1% following the results while Robert Half was down 6.9%.
Read our full analysis of ManpowerGroup’s results here and Robert Half’s results here.
Investors in the professional services segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. Kforce is up 11.2% during the same time and is heading into earnings with an average analyst price target of $53.67 (compared to the current share price of $55.08).
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