Loading...
•
Jun 30, 2024
Kforce Q2 2024 Earnings Report
Reported second quarter revenue of $356.3 million and EPS of $0.75.
Key Takeaways
Kforce reported second quarter 2024 revenue of $356.3 million and EPS of $0.75. The company is pleased with the sequential growth in their Technology business and the current operating environment is more stable and constructive.
Revenue for the quarter was $356.3 million, a 1.3% sequential increase and an 8.4% year-over-year decrease.
Technology Flex revenue increased 1.7% sequentially and decreased 6.4% year-over-year.
FA Flex revenue decreased 5.7% sequentially and 23.1% year-over-year.
Diluted earnings per share were $0.75, a decrease of 21.1% year-over-year.
Revenue by Segment
Forward Guidance
Kforce's current estimates for the third quarter of 2024 include revenue between $347 million and $355 million and earnings per share between $0.65 and $0.73.
Positive Outlook
- Revenue of $347 million to $355 million
- Earnings per share of $0.65 to $0.73
- Gross profit margin of 27.5% to 27.7%
- Flex gross profit margin of 26.0% to 26.2%
- WASO of 18.7 million
Challenges Ahead
- SG&A expenses as a percent of revenue of 21.9% to 22.1%
- Operating margin of 5.0% to 5.4%
- Effective tax rate of 26.8%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...