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Kforce (KFRC)
:KFRC
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.47Last Year’s EPS
0.58Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 03, 2025
|% Change Since: -9.73%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with stable technology services demand and strategic progress, but faced challenges such as revenue and earnings declines, higher healthcare costs, and an uncertain policy environment. While strategic initiatives and financial health are positive, performance metrics indicate some caution.Company Guidance
In the Kforce Q4 2024 Conference Earnings Call, the company provided guidance indicating stability in its business environment, despite operating under uncertain macroeconomic conditions. Kforce's technology business saw a sequential growth of 0.6% per billing day, while overall revenues for the fourth quarter exceeded expectations at $343.8 million, representing a 0.4% sequential growth. In terms of profitability, earnings per share were at the midpoint of guidance, and the company maintained a focus on achieving operating margins of at least 10% at $2.1 billion in annual revenue. Discussions with clients suggest a potentially improved operating environment moving into 2025, although a significant positive inflection point in key performance indicators has not yet been observed. Kforce's strategic initiatives, including the establishment of an India Development Center and the implementation of Workday, are expected to contribute significantly to future revenue targets of $1.7 billion, with anticipated enhanced operating leverage of 100 basis points at that revenue level.Stable Demand for Technology Services
Despite an uncertain macro environment, demand for Kforce's technology services stabilized early in 2024 and remained stable, leading to industry-leading performance in the Technology business.
Strategic Initiatives and Investments
Kforce made significant progress in implementing Workday, opened the India Development Center, and integrated the firm's capabilities, which are expected to contribute to future financial objectives.
Increase in Shareholder Returns
Kforce's Board of Directors approved an increase in their dividend for the sixth consecutive year, highlighting strong cash flow and financial health.
Revenues Exceeded Expectations
Quarterly revenues of $343.8 million exceeded the midpoint of expectations, with technology business growing 0.6% sequentially.
Strong Balance Sheet and Cash Flow
Kforce has a strong balance sheet with minimal debt and generated $87 million in operating cash flows in 2024, returning 75% of it to shareholders.
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KFRC 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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KFRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 03, 2025 | $53.75 | $54.30 | +1.02% |
| Oct 28, 2024 | $55.33 | $56.70 | +2.48% |
| Jul 29, 2024 | $66.76 | $69.35 | +3.88% |
| Apr 29, 2024 | $63.05 | $60.62 | -3.85% |
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 Kforce (KFRC) report earnings?
Kforce (KFRC) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Kforce (KFRC) earnings time?
Kforce (KFRC) earnings time is at May 05, 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 KFRC EPS forecast?
KFRC EPS forecast for the fiscal quarter 2025 (Q1) is 0.47.
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