Kforce Sees Q2 2024 EPS $0.68-$0.76 Vs $0.76 Est.; Revenue $352M-$360M Vs $363.922M Est.
Portfolio Pulse from Benzinga Newsdesk
Kforce projects its Q2 2024 earnings per share (EPS) to be between $0.68 and $0.76, which is below the estimated $0.76. The company also forecasts revenue to be between $352 million and $360 million, falling short of the expected $363.922 million.
April 29, 2024 | 8:37 pm
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Kforce projects lower-than-expected Q2 2024 EPS and revenue, indicating potential short-term stock price pressure.
Kforce's projection of both EPS and revenue for Q2 2024 below analyst estimates could lead to negative investor sentiment and put downward pressure on the stock price in the short term. Investors often react to earnings forecasts as indicators of a company's future profitability and growth prospects. Missing the consensus estimates, especially on both top and bottom lines, can be perceived negatively by the market.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100