Kelly Services Inc. Second Quarter Earnings Sneak Peek

Kelly Services, Inc. (NASDAQ:KELYA) will unveil its latest earnings on Wednesday, August 10, 2011. Kelly Services, Inc. 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 25 cents per share, a rise of 78.6% 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 26 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 25 cents during the last month. For the year, analysts are projecting profit of $1.19 per share, a rise of 38.4% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 3 cents, reporting net income of 14 cents per share against a mean estimate of profit of 11 cents per share.

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>

Wall St. Revenue Expectations: On average, analysts predict $1.37 billion in revenue this quarter, a rise of 13.2% from the year ago quarter. Analysts are forecasting total revenue of $5.51 billion for the year, a rise of 11.3% from last year’s revenue of $4.95 billion.

Analyst Ratings: three out of five analysts surveyed (60%) have a buy rating on Kelly Services.. This is below the mean analyst rating of 10 competitors, which average 76.4% buy ratings.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 17.4%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 22.4% from the year earlier quarter.

Competitors to Watch: SFN Group Inc (NYSE:SFN), Barrett Business Services, Inc. (NASDAQ:BBSI), Robert Half Intl. Inc. (NYSE:RHI), Kforce Inc. (NASDAQ:KFRC), TrueBlue, Inc. (NYSE:TBI), ManpowerGroup (NYSE:MAN), Volt Information Sciences, Inc. (NYSE:VOL), and On Assignment, Inc. (NASDAQ:ASGN).

Stock Price Performance: During May 10, 2011 to August 4, 2011, the stock price had fallen $5.64 (-28.8%) from $19.59 to $13.95. The stock price saw one of its best stretches over the last year between November 30, 2010 and December 7, 2010 when shares rose for six-straight days, rising 11.8% (+$2.11) over that span. It saw one of its worst periods between May 31, 2011 and June 13, 2011 when shares fell for 10-straight days, falling 13.5% (-$2.38) over that span. Shares are down $4.85 (-25.8%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>

More from The Cheat Sheet