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

• Kelly Services Inc KELYA.OQ reported quarterly adjusted earnings of 54 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 71 cents. The mean expectation of four analysts for the quarter was for earnings of 55 cents per share. Wall Street expected results to range from 48 cents to 57 cents per share.

• Revenue rose 4.2% to $1.10 billion from a year ago; analysts expected $1.12 billion.

• Kelly Services Inc's reported EPS for the quarter was 52 cents​.

• The company reported quarterly net income of $19 million.

• Kelly Services Inc shares had risen by 4.6% this quarter and lost 12.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "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 Kelly Services Inc is $27.00, about 54.6% above its last closing price of $12.25

This summary was machine generated from LSEG data August 7 at 05:25 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)