Kelly Services (NASDAQ:KELY.A) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$1.06b (down 13% from 2Q 2023).

• Net income: US$4.60m (down 37% from 2Q 2023).

• Profit margin: 0.4% (down from 0.6% in 2Q 2023).

• EPS: US$0.13 (down from US$0.20 in 2Q 2023).

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

Kelly Services Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 73%.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are down 11% from a week ago.

Valuation

It's possible that Kelly Services could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

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