Kforce Second Quarter 2024 Earnings: EPS Beats Expectations

In This Article:

Kforce (NYSE:KFRC) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$356.3m (down 8.4% from 2Q 2023).

  • Net income: US$14.2m (down 24% from 2Q 2023).

  • Profit margin: 4.0% (down from 4.8% in 2Q 2023). The decrease in margin was driven by lower revenue.

  • EPS: US$0.75 (down from US$0.96 in 2Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kforce EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are up 3.3% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Kforce.

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