KELYA Earnings Prediction
The chart below shows how KELYA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, KELYA sees a +2.55% change in stock price 10 days leading up to the earnings, and a +3.21% change 10 days following the report. On the earnings day itself, the stock moves by -0.65%. This data can give you a slight idea of what to expect for the next quarter's release.
KELYA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.04B
-7.15%
-1.83%
Gross Margin
21.36%
4.50%
5.69%
Operating Margin
0.24%
-82.73%
-90.44%
Net Margin
0.08%
-86.44%
-81.40%
EPS
0.02
-88.89%
-84.62%
No Data Available
KELYA Earnings Analysis
Kelly Services Inc Corporation (KELYA.O) Earnings Conference Call
Positive
Third Quarter Revenue Decline: Revenue for the third quarter totaled $1.04 billion compared to $1.12 billion in 2023, resulting primarily from the sale of our European staffing business, partially offset by the acquisition of MRP.
K-12 Revenue Growth: In our Education business, we achieved another quarter of double-digit revenue growth on strong fill rates and net new customer wins in our K-12 specialty.
K-12 Staffing Market Leadership: The ongoing growth of this specialty is reflected in Kelly's share of K-12 staffing market, which once again ranked #1 on staffing industry analysts' latest list of the largest education staffing firms in the U.S.
Organic Revenue Stabilization: Our actions contributed to Kelly's organic revenue stabilizing year-over-year for the second consecutive quarter and drove strategic progress in each of our businesses.
Strong Demand for Talent Solutions: In the third quarter, we are seeing strong demand for innovative solutions to meet clients' talent needs across a variety of skill sets in P&I.
Negative
Third Quarter Revenue Decline: Revenue for the third quarter of 2024 totaled $1.04 billion compared to $1.12 billion in 2023, down 7.1%.
Flat Year-Over-Year Revenue: On an organic basis, year-over-year revenue was essentially flat and down 0.2%.
Gross Profit Decline: Reported gross profit was down 3% or 6.4% on an organic basis, with the gross profit rate reported at 21.4% compared to 20.4% in the third quarter of 2023.
Earnings from Operations Comparison: Earnings from operations were $2.6 million compared to $0.1 million in Q3 2023, and on an adjusted basis, Q3 2024 earnings from operations were $11.7 million compared to $15.5 million a year ago.
Earnings Per Share Decline: Reported earnings per share for the third quarter was $0.02 per share compared to $0.18 in 2023.
KELYA FAQs
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KELYA Earning Call Sentiment
Kelly Services, Inc. (KELYA) Q3 2024 Earnings Call Transcript
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KELYA.O
-2.16%Positive
The earnings call summary presents a mixed outlook. While there are positive elements such as revenue growth in the Education and SETT segments and improved adjusted EBITDA margin, there are concerns regarding organic revenue decline, increased interest expenses, and unclear guidance on integration costs. The Q&A section highlighted uncertainties in integration costs and margin pressures, further contributing to a neutral sentiment. The absence of market cap data limits the prediction accuracy, but overall, the stock price is likely to remain stable in the short term, leading to a neutral rating.