Kelly Services (NASDAQ:KELY.A) Second Quarter 2024 Results
Key financial results
- Revenue: $1.06 billion (down 13% from Q2 2023).
- Net profit: $4.60 million (37% less than Q2 2023).
- Profit margin: 0.4% (compared to 0.6% in Q2 2023).
- Earnings per share: $0.13 (compared to $0.20 in Q2 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Kelly Services revenue exceeds expectations, earnings per share falls short of expectations
Sales exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 73%.
Average sales growth of 4.3% per annum is expected for the next two years. In comparison, the growth forecast for the professional services industry in the USA is 6.1%.
Performance of American professional services industry.
The company’s share price fell 11% compared to the previous week.
Evaluation
Kelly Services’ financial results now suggest that the company’s shares could represent an opportunity based on six key indicators. Click here to access our in-depth study of the analyst consensus and learn the company’s expected future direction.
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