Kforce (KFRC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2023, Kforce (KFRC) reported revenue of $389.19 million, down 10.8% over the same period last year. EPS came in at $0.95, compared to $1.30 in the year-ago quarter.
The reported revenue represents a surprise of -1.72% over the Zacks Consensus Estimate of $396 million. With the consensus EPS estimate being $0.98, the EPS surprise was -3.06%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: $378.47 million versus $385.20 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -9.8% change.
Revenue- Finance and Accounting: $37.17 million versus $37.95 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -28.4% change.
Revenue- Technology: $352.03 million versus $358.05 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -8.5% change.
Revenue- Total Firm- Direct Hire revenue: $10.72 million versus the two-analyst average estimate of $10.80 million. The reported number represents a year-over-year change of -36.3%.
View all Key Company Metrics for Kforce here>>>
Shares of Kforce have returned +0.7% over the past month versus the Zacks S&P 500 composite's +4.7% 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.
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Kforce, Inc. (KFRC) : Free Stock Analysis Report
