Here's What Key Metrics Tell Us About Kforce (KFRC) Q3 Earnings
For the quarter ended September 2023, Kforce (KFRC) reported revenue of $373.12 million, down 14.7% over the same period last year. EPS came in at $0.90, compared to $1.09 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $362.8 million, representing a surprise of +2.85%. The company delivered an EPS surprise of +20.00%, with the consensus EPS estimate being $0.75.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Kforce performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Total Firm- Flex revenue: $364.16 million versus $366.45 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -13.9% change.
Revenue- Finance and Accounting: $34.83 million compared to the $31.82 million average estimate based on two analysts. The reported number represents a change of -26.1% year over year.
Revenue- Technology: $338.29 million compared to the $331.19 million average estimate based on two analysts. The reported number represents a change of -13.4% year over year.
Revenue- Total Firm- Direct Hire revenue: $8.96 million versus $10.06 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -38.8% change.
View all Key Company Metrics for Kforce here>>>
Shares of Kforce have returned -4.9% over the past month versus the Zacks S&P 500 composite's -3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Kforce, Inc. (KFRC) : Free Stock Analysis Report
