Kelly Services, Inc. (NASDAQ:KELYA) will unveil its latest earnings tomorrow, Thursday, January 31, 2013. Kelly Services is a global workforce solutions provider operating in all major markets throughout the world. It assigns professional and technical employees in the fields of creative services, education, legal, and health care.
Kelly Services, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 33 cents per share, a decline of 48.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 41 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 33 cents during the last month. For the year, analysts are projecting profit of $1.37 per share, a decline of 23.9% from last year.
Past Earnings Performance: Last quarter, the company beat estimates by 9 cents, coming in at net income of 43 cents a share versus the estimate of profit of 34 cents a share. It marked the fourth straight quarter of beating estimates.
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A Look Back: In the third quarter, profit fell 15.7% to $16.6 million (43 cents a share) from $19.7 million (52 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 3.9% to $1.35 billion from $1.41 billion.
Here’s how Kelly Services traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: