Kforce Inc reports results for the quarter ended June 30 - Earnings Summary

• Kforce Inc KFRC.N reported quarterly adjusted earnings of 59 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 75 cents. The mean expectation of six analysts for the quarter was for earnings of 60 cents per share. Wall Street expected results to range from 58 cents to 61 cents per share.

• Revenue fell 6.2% to $334.32 million from a year ago; analysts expected $334.23 million.

• Kforce Inc's reported EPS for the quarter was 59 cents​.

• The company reported quarterly net income of $10.45 million.

• Kforce Inc shares had risen by 12.9% this quarter and lost 18.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the employment services peer group is also "buy"

• Wall Street's median 12-month price target for Kforce Inc is $52.00, about 10.7% above its last closing price of $46.45

This summary was machine generated from LSEG data July 28 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)