NYSE$KFRC
Kforce Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported second quarter revenue of $356.3 million and EPS of $0.75.
Kforce reported second quarter 2024 revenue of $356.3 million and EPS of $0.75. The company is pleased with the sequential growth in their Technology business and the current operating environment is more stable and constructive.
- Revenue for the quarter was $356.3 million, a 1.3% sequential increase and an 8.4% year-over-year decrease.
- Technology Flex revenue increased 1.7% sequentially and decreased 6.4% year-over-year.
- FA Flex revenue decreased 5.7% sequentially and 23.1% year-over-year.
- Diluted earnings per share were $0.75, a decrease of 21.1% year-over-year.
Headline financials
Revenue & EPS history
Kforce · Revenue · Quarterly
$356M
Revenue by segment
Kforce · $373M total across 2 segments · Q3 2023
- Technology$338M-13.4%90.7%
- Finance and Accounting$34.8M-26.1%9.3%
Forward guidance
Kforce's current estimates for the third quarter of 2024 include revenue between $347 million and $355 million and earnings per share between $0.65 and $0.73.
Tailwinds
- Revenue of $347 million to $355 million
- Earnings per share of $0.65 to $0.73
- Gross profit margin of 27.5% to 27.7%
- Flex gross profit margin of 26.0% to 26.2%
- WASO of 18.7 million
Headwinds
- SG&A expenses as a percent of revenue of 21.9% to 22.1%
- Operating margin of 5.0% to 5.4%
- Effective tax rate of 26.8%
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 2024
+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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