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

Kforce

29/07/2024 22:21

* Kforce Inc  KFRC.N  reported quarterly adjusted earnings
of 75
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 95
cents.  The mean expectation of six analysts for the quarter was
for earnings of 73 cents per share. Wall Street expected
results to range from 71 cents to 75 cents per share.
    * Revenue fell 8.4% to $356.32 million from a year ago;
analysts
expected $356.10 million. 
    * Kforce Inc's reported EPS for the quarter was 75 cents​.
    * The company reported quarterly net income of $14.16
million.
    * Kforce Inc shares had risen by 10.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.6%
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 "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
$69.50 
This summary was machine generated from LSEG data July 29 at
09:21 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
 Jun. 30 2024      0.73           0.75           Beat
 Mar. 31 2024      0.58           0.58           Met
 Dec. 31 2023      0.79           0.82           Beat
 Sep. 30 2023      0.78           0.90           Beat