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

Kforce

30/04/2024 03:17

* Kforce Inc  KFRC.OQ  reported quarterly adjusted earnings
of 58
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 82
cents.  The mean expectation of six analysts for the quarter was
for earnings of 58 cents per share. Wall Street expected
results to range from 57 cents to 59 cents per share.
    * Revenue fell 13.3% to $351.89 million from a year ago;
analysts
expected $354.93 million. 
    * Kforce Inc's reported EPS for the quarter was 58 cents​.
    * The company reported quarterly net income of $10.99
million.
    * Kforce Inc shares had fallen by 9.1% this quarter and
lost 5.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.1%
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
$70.50 
This summary was machine generated from LSEG data April 30 at
02:17 a.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
 Mar. 31 2024      0.58           0.58           Met
 Dec. 31 2023      0.79           0.82           Beat
 Sep. 30 2023      0.97           0.90           Missed
 Jun. 30 2023      0.97           0.95           Missed