Professional staffing firm Kforce (NYSE:KFRC) will be announcing earnings results tomorrow after the bell. Here’s what you need to know.
Kforce beat analysts’ revenue expectations by 0.5% last quarter, reporting revenues of $343.8 million, down 5.4% year on year. It was a mixed quarter for the company, with EPS in line with analysts’ estimates.
This quarter, analysts are expecting Kforce’s revenue to decline 5.2% year on year to $333.5 million, improving from the 13.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.47 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Kforce has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Kforce’s peers in the professional services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. ManpowerGroup’s revenues decreased 7.1% year on year, beating analysts’ expectations by 2.9%, and Robert Half reported a revenue decline of 8.4%, falling short of estimates by 4.3%. ManpowerGroup traded down 19.2% following the results, while Robert Half was also down 3.1%.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the professional services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.1% on average over the last month. Kforce is down 10.2% during the same time and is heading into earnings with an average analyst price target of $58.25 (compared to the current share price of $43.91).
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