Kelly Services Inc reports results for the quarter - Earnings Summary

Kelly Services

08/11/2024 16:32

* Kelly Services Inc  KELYA.OQ  reported quarterly adjusted
earnings of 21 cents​​ per share for the quarter , lower than
the same quarter last year, when the company reported EPS of 50
cents.  The mean expectation of four analysts for the quarter
was for earnings of 36 cents per share. Wall Street expected
results to range from 12 cents to 60 cents per share.
    * Revenue fell 7.1% to $1.04 billion from a year ago;
analysts
expected $1.07 billion. 
    * Kelly Services Inc's reported EPS for the quarter was 2
cents​.
    * The company reported quarterly net income of $800
thousand.
    * Kelly Services Inc shares had fallen by 15.3% this
quarter and
lost 16.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the employment
services
peer group is also "buy"

Wall Street's median 12-month price target for Kelly Services
Inc is 27.00 
This summary was machine generated from LSEG data November 8 at
04:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.36           0.21           Missed
 Jun. 30 2024      0.57           0.71           Beat
 Mar. 31 2024      0.47           0.56           Beat
 Dec. 31 2023      0.56           0.93           Beat