Kelly Services Q4 2023 Adj EPS $0.93 Beats $0.56 Estimate, Sales $1.23B Beat $1.22B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kelly Services (NASDAQ:KELYA) reported Q4 2023 adjusted EPS of $0.93, surpassing the $0.56 estimate, with sales of $1.23B also beating the $1.22B estimate. This represents a slight 0.16% decrease in sales compared to the same period last year.
February 15, 2024 | 12:37 pm
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POSITIVE IMPACT
Kelly Services reported a significant beat on both EPS and sales estimates for Q4 2023, with a minor year-over-year sales decrease.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The slight year-over-year decrease in sales is noted but is overshadowed by the earnings beat.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100