Kelly Services Earnings Preview: Can This Streak Continue?

Kelly Services (NASDAQ:KELYA) will report earnings before markets open on Wednesday, May 8th. Kelly Services, Inc. provides staffing services to a diversified group of customers through offices located in North America, Europe, and the Pacific Rim. The Company provides employees in office services, engineering, finance, information technology, legal, scientific, marketing, light industrial, education, health, and home care.

Here is your Cheat Sheet to Kelly Services Earnings:

Earnings Expectations: Analysts expect earnings of $0.23 per share on revenues of $1.32 billion.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.38 to a profit $0.39. For the current year, the average estimate is a profit of $1.5, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Kelly Services has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 5,517 4,315 4,950 5,551 5,450
Diluted EPS ($) -2.37 -3.00 0.71 1.69 1.32

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 1,396 1,355 1,366 1,354 1,375
Diluted EPS ($) 0.6549 0.26 0.40 0.43 0.2405

Past Performance:
Kelly Services has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]