NYSE$KFRC
Kforce Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Kforce reported second quarter revenues and earnings per share.
Kforce Inc. announced solid overall performance in the second quarter of 2022, fueled by significant growth in the Technology business. Revenue for the quarter was $436.5 million, an increase of 8.2% year-over-year. Earnings per share were $1.30, compared to $1.00 in the same quarter last year.
- Revenue for the quarter ended June 30, 2022 was $436.5 million, an 8.2% increase year-over-year.
- Technology revenue increased 23.8% year-over-year.
- Net income for the quarter ended June 30, 2022 was $26.9 million, or $1.30 per share, versus $21.2 million, or $1.00 per share, in the quarter ended June 30, 2021.
- The Board of Directors approved a third quarter cash dividend of $0.30 per share to shareholders.
Headline financials
Revenue & EPS history
Kforce · Revenue · Quarterly
$437M
Revenue by segment
Kforce · $437M total across 2 segments · Q2 2022
- Technology$385M+23.8%88.1%
- Finance and Accounting$51.9M-44.1%11.9%
Forward guidance
Current estimates for the third quarter of 2022 are:
Tailwinds
- Revenue of $430 million to $438 million
- Earnings per share of $1.03 to $1.11
- Gross profit margin of 29.4% to 29.6%
- Flex gross profit margin of 26.8% to 27.0%
- Operating margin of 7.0% to 7.4%
Headwinds
- SG&A expense as a percent of revenue of 21.9% to 22.1%
- WASO of 20.5 million
- Effective tax rate of 27.4%
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 Q2 2022
+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
| Quarter | Report date | Reaction (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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