Kforce Sees Q3 EPS $0.60-$0.68 Vs $0.98 Est.; Revenue $359M-$367M Vs $399.07M Est.; Includes A Charge Of $5.5M, Or $0.22 Per Share, Related To Actions Taken To Reduce Structural Costs
Portfolio Pulse from Happy Mohamed
Kforce (KFRC) has provided its Q3 2023 guidance, expecting EPS of $0.60-$0.68, lower than the estimated $0.98. The company also anticipates revenue of $359M-$367M, which is less than the estimated $399.07M. The guidance includes a charge of $5.5M, or $0.22 per share, related to actions taken to reduce structural costs.
July 31, 2023 | 8:57 pm
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Kforce's Q3 2023 guidance is lower than estimates, which could negatively impact the company's stock in the short term.
Kforce's lower than expected earnings per share and revenue guidance for Q3 2023 could lead to a decrease in investor confidence, potentially causing a short-term drop in the company's stock price.
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IMPORTANCE 80
RELEVANCE 100