NYSE$KFRC

Kforce Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported fourth quarter 2019 revenue and EPS, with revenue at $336.2 million and EPS at $0.66 per share.

Kforce reported Q4 2019 revenue of $336.2 million, a 1.8% increase compared to Q4 2018. Earnings per share from continuing operations were $0.66, up 22.2% year over year. The company repurchased approximately 0.7 million shares of common stock at a total cost of approximately $26.5 million during the quarter.

  • Revenue for Q4 2019 was $336.2 million, a 1.8% increase year over year.
  • Tech Flex revenue grew by 4.8% year over year, while FA Flex revenue decreased by 7.6%.
  • EPS from continuing operations for Q4 2019 was $0.66 per share, up 22.2% year over year.
  • The Board of Directors approved an 11% increase in the quarterly dividend.

Headline financials

Total Revenue

$336M

Previous: $358M-6.1%
EPS (adj)

$0.66

Previous: $0.65+1.5%
Gross Profit Margin

29.2%

Previous: 29.6%-1.4%
Flex Gross Profit Margin

26.9%

Previous: 27.1%-0.7%
Capital Expenditures

$2.63M

Previous: $1.17M+125.8%
Free Cash Flow

$17.5M

Previous: $21.9M-20.1%
Net Income

$14.2M

Previous: $16.4M-13.1%
Operating Income

$19.5M

Previous: $22.3M-12.7%
Gross Profit

$98M

Previous: $107M-8.0%
Cash & Equivalents

$19.8M

Previous: $112K+17606.3%
Total Assets

$381M

Previous: $380M+0.3%
Stock-Based Comp

$2.44M

Previous: $2.24M+9.1%

Revenue & EPS history

Kforce · Revenue · Quarterly

$336M

Q4 2019-6.1%vs Q4 2018
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Kforce · $336M total across 2 segments · Q4 2019

  • Technology
    $265M
  • Finance and Accounting
    $71.3M

Forward guidance

Kforce anticipates revenue between $333 million and $339 million and earnings per share between $0.43 and $0.47 for the first quarter of 2020.

Tailwinds

  • Revenue of $333 million to $339 million
  • Earnings per share of $0.43 to $0.47
  • Gross profit margin of 27.7% to 27.9%
  • Flex gross profit margin of 25.6% to 25.8%
  • SG&A expense as a percent of revenue of 22.9% to 23.1%

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 Q4 2019

Historical avgQ4 2019

+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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