NYSE$KFRC

Kforce Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported Q1 2020 revenue of $335.2 million and EPS of $0.42 per share.

Kforce's Q1 2020 revenue reached $335.2 million with an EPS of $0.42. Tech Flex year-over-year growth was 3.3% on a billing day basis. The company is navigating the COVID-19 crisis and focusing on the well-being of associates, clients, and consultants.

  • Revenue for the quarter ended March 31, 2020, was $335.2 million, a 1.0% increase on a billing day basis compared to $326.7 million for the quarter ended March 31, 2019.
  • Flex revenue increased by 1.9% on a billing day basis, with Tech Flex growing by 3.3% and FA Flex declining by 3.4%.
  • Direct Hire revenue decreased by 22.6% to $9.1 million from $11.8 million in the comparable period of 2019.
  • Operating margin increased by 60 basis points to 4.2% for the quarter ended March 31, 2020.

Headline financials

Total Revenue

$335M

Previous: $327M+2.6%
EPS (adj)

$0.42

Previous: $0.38+10.5%
Billing days

64

No prior period
Capital Expenditures

-$1.97M

Previous: -$1.5M-31.8%
Free Cash Flow

$7.14M

Previous: $25.4M-71.9%
Net Income

$9.11M

Previous: $26.9M-66.1%
Operating Income

$13.9M

Previous: $11.7M+18.8%
Gross Profit

$94.5M

Previous: $93.2M+1.4%
Cash & Equivalents

$31.8M

Previous: $259K+12168.0%
Total Assets

$405M

Previous: $425M-4.5%
Stock-Based Comp

$2.9M

Previous: $2.62M+10.5%

Revenue & EPS history

Kforce · Revenue · Quarterly

$335M

Q1 2020+2.6%vs Q1 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Kforce · $68.4M total across 1 segment · Q1 2020

  • Finance and Accounting
    $68.4M-3.8%

Forward guidance

Given the tremendous uncertainty, Kforce will not be providing guidance for the second quarter.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+2.0%

Avg return

Earnings day

+2.7%

Avg return

5 days after

+5.0%

Avg return

30 days after

54%

35 / 65 earnings

Positive

+43.3%

Q1 2026

Best reaction

-21.9%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+43.3%+37.6%+39.6%
Q4 2025-3.8%-1.6%-24.1%
Q3 2025+28.5%+22.8%+21.1%
Q1 2025-14.4%-9.7%-4.4%
Q4 2024+1.0%-4.0%-6.2%
Q3 2024+4.6%+2.4%+9.3%
Q2 2024+2.6%-4.5%-4.4%
Q1 2024-3.7%-0.2%-5.3%
Q4 2023-0.9%+0.7%+3.9%
Q3 2023+7.6%+8.5%+22.4%
Q2 2023-5.7%-6.6%+0.0%
Q1 2023-5.7%+0.9%+12.1%
Q4 2022-0.2%+1.1%+7.1%
Q3 2022-7.7%-10.9%-6.8%
Q2 2022-6.0%-12.0%-16.9%
Q1 2022+4.4%+3.2%-6.7%
Q4 2021+10.4%+4.0%+1.9%
Q3 2021+7.3%+16.9%+13.2%
Q2 2021-5.1%-2.0%-4.9%
Q1 2021+10.2%+7.4%+12.0%
Q4 2020+4.5%+3.4%+19.1%
Q3 2020+11.7%+5.6%+19.3%
Q2 2020+27.1%+21.0%+12.0%
Q1 2020-0.1%-1.8%+9.2%
Q4 2019-7.4%-9.6%-12.5%
Q3 2019+2.2%+3.9%-1.2%
Q2 2019-5.2%-8.2%-10.3%
Q1 2019-1.8%+0.5%-3.5%
Q4 2018+6.4%+9.5%+5.8%
Q3 2018-10.7%-7.1%-9.9%
Q2 2018+9.9%+12.7%+11.2%
Q1 2018+11.3%+17.3%+26.7%
Q4 2017+2.1%-0.2%+17.0%
Q3 2017+12.9%+15.1%+28.7%
Q2 2017-1.6%-2.4%-3.7%
Q1 2017-7.8%-7.3%-18.5%
Q4 2016+9.0%+9.7%+11.3%
Q3 2016-3.5%-4.9%+26.8%
Q2 2016-10.4%-6.6%+4.5%
Q1 2016-5.5%
Q4 2015-21.9%
Q3 2015-8.5%
Q2 2015+19.1%
Q1 2015+3.9%
Q4 2014-5.0%
Q3 2014+9.9%
Q2 2014-5.5%
Q1 2014+9.2%
Q4 2013+15.5%
Q3 2013+12.8%
Q2 2013+11.0%
Q1 2013-16.2%
Q4 2012+16.2%
Q3 2012-5.9%
Q2 2012-8.9%
Q1 2011+0.9%
Q1 2012-5.0%
Q4 2009+2.0%
Q2 2010+2.0%
Q4 2011+2.0%
Q3 2011-6.6%
Q3 2010-6.6%
Q2 2011+1.6%
Q4 2010+1.6%
Q1 2010+3.3%

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