NYSE$KFRC
Kforce Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported third quarter revenue of $437.6 million, with technology revenues growing approximately 16% year-over-year.
Kforce reported strong Q3 2022 results, with revenue at $437.6 million, an 8.7% increase year-over-year, and EPS at $1.09. The Technology business was a key driver, growing nearly 16% year-over-year.
- Revenue for the quarter ended September 30, 2022 was $437.6 million, an 8.7% increase year-over-year.
- Technology revenue increased 15.8% year-over-year.
- Net income for the quarter ended September 30, 2022 was $22.3 million, or $1.09 per share, versus $20.2 million, or $0.96 per share, in the quarter ended September 30, 2021.
- Returned $28.5 million in capital to shareholders through share repurchases and dividends.
Headline financials
Revenue & EPS history
Kforce · Revenue · Quarterly
$438M
Revenue by segment
Kforce · $438M total across 2 segments · Q3 2022
- Technology$390M+15.8%89.2%
- Finance and Accounting$47.1M-28.0%10.8%
Forward guidance
Kforce provided Q4 2022 revenue guidance of $414 million to $422 million and EPS guidance of $0.88 to $0.96.
Tailwinds
- Revenue of $414 million to $422 million
- Earnings per share of $0.88 to $0.96
- Gross profit margin of 28.7% to 28.9%
- Flex gross profit margin of 26.5% to 26.7%
- SG&A expense as a percent of revenue of 22.6% to 22.8%
Headwinds
- Operating margin of 5.6% to 6.0%
- WASO of 20.0 million
- Effective tax rate of 20.6%
- There will be 61 billing days, which is three fewer compared to the third quarter of 2022
- Overall macro-economic uncertainties.
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 Q3 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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