Kforce Q1 2024 GAAP EPS $0.58, Inline, Sales $351.889M Miss $354.934M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kforce (NASDAQ:KFRC) reported Q1 2024 earnings of $0.58 per share, meeting analyst estimates but marking a 29.27% decrease from the previous year. Sales were $351.889M, missing estimates by 0.86% and showing a 13.33% decrease from the previous year.
April 29, 2024 | 8:05 pm
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Kforce reported Q1 2024 earnings per share of $0.58, in line with estimates but down 29.27% YOY. Sales were $351.889M, missing estimates by 0.86% and down 13.33% YOY.
The reported earnings per share (EPS) meeting estimates indicates stability, but the significant year-over-year decrease in both EPS and sales suggests potential challenges ahead for Kforce. The miss on sales estimates, although slight, could contribute to negative sentiment among investors in the short term, likely putting downward pressure on the stock price.
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