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

It is possible that Kelly Services is undervalued, with our 6-factor valuation analysis pointing to a potential opportunity. Click here to see our full review and find out what analysts think about the company’s future.

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