Professional staffing firm Kforce (NYSE: KFRC) will be reporting results this Monday after market close. Here’s what you need to know.
Kforce beat analysts’ revenue expectations last quarter, reporting revenues of $332 million, down 3.4% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EPS guidance for next quarter estimates and revenue guidance for next quarter exceeding analysts’ expectations.
Is Kforce a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Kforce’s revenue to be flat year on year, improving from the 6.2% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Kforce has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Kforce’s peers in the professional services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Robert Half’s revenues decreased 3.8% year on year, meeting analysts’ expectations, and ManpowerGroup reported revenues up 10.3%, topping estimates by 2.1%. Robert Half traded down 5.8% following the results while ManpowerGroup was up 1.3%.
Read our full analysis of Robert Half’s results here and ManpowerGroup’s results here.
There has been positive sentiment among investors in the professional services segment, with share prices up 12.2% on average over the last month. Kforce is up 13.4% during the same time and is heading into earnings with an average analyst price target of $39 (compared to the current share price of $32.15).
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