Kelly Services, Inc. (NASDAQ:KELYA) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Kelly Services, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 41.67% to $0.34 in the quarter versus EPS of $0.24 in the year-earlier quarter.
Revenue: Decreased 2.94% to $1.32 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Kelly Services, Inc. reported adjusted EPS income of $0.34 per share. By that measure, the company beat the mean analyst estimate of $0.23. It missed the average revenue estimate of $1.32 billion.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue decreased 4.39% from $1.38 billion in the previous quarter. EPS increased 3.03% from $0.33 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.4 to a profit $0.39. For the current year, the average estimate has moved down from a profit of $1.51 to a profit of $1.5 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)