Kforce Inc expected to post earnings of 79 cents a share - Earnings Preview

Kforce

02/02/2024 21:43

* Kforce Inc  KFRC.OQ   KFRC.O  is expected to show a fall
in
quarterly revenue when it reports  results on February 5 for the
period ending December 31 2023
    * The Tampa Florida-based  company is expected to report a
13.4% decrease in revenue to $363.356 million from $419.66
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on October
30 2023, for the period ended December 31, was for revenue
between $359.00 million and $367.00 million.
    * ​LSEG's mean analyst estimate for Kforce Inc is for
earnings of
79 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Kforce Inc
is
$69.00​, above​ its last closing price of $68.72. ​​​

The company's guidance on October 30 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD19.386 million and USD21.286 million.The company's guidance
on October 30 2023 for the period ended December 31 was for
gross profit margin between USD27.2% and USD27.4%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.82        0.78       0.90      Beat    15.9
 Jun. 30 2023  0.96        0.97       0.95      Missed  -1.6
 Mar. 31 2023  0.82        0.82       0.82      Met     0​
 Dec. 31 2022  0.92        0.92       0.93      Beat    1.3
 ​​Sep.        1.06        1.06       1.09      Beat    2.8
 30 2022                                                
 Jun. 30 2022  1.18        1.18       1.30      Beat    10.4​
 Mar. 31 2022  0.77        0.76       0.93      Beat    21.7
 Dec. 31 2021  0.98        0.98       0.98      Met     0.2
 This summary was machine generated February 2 at 21:43 GMT.  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)