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Kelly Services (KELYA)
NASDAQ:KELYA
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.46Last Year’s EPS
$0.93Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -41.17%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
The earnings call showed mixed results, with strong growth in the Education and OCG segments, but challenges in overall revenue decline, significant drop in permanent placement fees, and decreased earnings per share.Company Guidance
During the third quarter earnings call for Kelly Services (KELYA), the company provided guidance indicating a focus on stabilizing revenue and capturing market share despite challenging market conditions. Organic revenue was essentially flat year-over-year, down 0.2%, with expectations for a modest organic revenue increase of 1.5% to 2.5% in the fourth quarter. The Education segment achieved double-digit revenue growth of 11%, while the SET segment saw a 37% increase on a reported basis due to the acquisition of Motion Recruitment Partners, though it was down 5% organically. The P&I segment experienced a sequential revenue growth of 4% from the second to third quarter, although revenue was down 2% year-over-year. The OCG segment's revenue increased by 6%, mainly driven by Payroll Process Outsourcing. Adjusted EBITDA margin improved 20 basis points to 2.5%, with expectations for further improvement to 3.4% to 3.5% in the fourth quarter. The company remains focused on expanding its higher-margin businesses and integrating recent acquisitions to enhance profitability amidst ongoing macroeconomic uncertainty.Education Business Revenue Growth
The Education segment achieved double-digit revenue growth, up 11% year-over-year due to net new customer wins and improved fill rates.
SET Segment Performance
SET segment revenue was up 37% on a reported basis due to the acquisition of Motion Recruitment Partners, although it was down 5% organically.
OCG Segment Growth
OCG segment revenue improved by 6% year-over-year, driven by Payroll Process Outsourcing specialty.
P&I Sequential Revenue Growth
Professional & Industrial segment saw a sequential revenue growth of 4% in Q3, indicating stabilization.
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KELYA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KELYA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $22.13 | $18.04 | -18.48% |
| Aug 08, 2024 | $20.26 | $19.20 | -5.23% |
| May 09, 2024 | $23.22 | $21.75 | -6.33% |
| Feb 15, 2024 | $21.13 | $22.68 | +7.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kelly Services (KELYA) report earnings?
Kelly Services (KELYA) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Kelly Services (KELYA) earnings time?
Kelly Services (KELYA) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KELYA EPS forecast?
KELYA EPS forecast for the fiscal quarter 2024 (Q4) is $0.46.
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