Kforce Inc reports results for the quarter ended in December - Earnings Summary

Kforce

05/02/2024 22:01

* Kforce Inc  KFRC.OQ  reported quarterly adjusted earnings
of 82
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 93
cents.  The mean expectation of six analysts for the quarter was
for earnings of 79 cents per share. Wall Street expected
results to range from 75 cents to 81 cents per share.
    * Revenue fell 13.4% to $363.45 million from a year ago;
analysts
expected $363.36 million. 
    * Kforce Inc's reported EPS for the quarter was 82 cents​.
    * The company reported quarterly net income of $15.72
million.
    * Kforce Inc shares had risen by 1.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the employment
services
peer group is also "hold"

Wall Street's median 12-month price target for Kforce Inc is
$69.00 
This summary was machine generated from LSEG data February 5 at
10:00 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
 Dec. 31 2023      0.79           0.82           Beat
 Sep. 30 2023      0.78           0.90           Beat
 Jun. 30 2023      0.97           0.95           Missed
 Mar. 31 2023      0.82           0.82           Met