Kforce Inc (NASDAQ: KFRC) has reported earnings for its first fiscal quarter (ending March 31) of $0.58 versus $0.83 for the same period a year ago — a decline of -30%. This result fell short of the consensus estimate of $0.69 by $-0.11. For the latest four quarters through March 31, E.P.S. were $2.92 versus $3.63 for the same period a year ago — a decline of -20%.
Recent Price Action
On 4/29/24, Kforce Inc (NASDAQ: KFRC) stock rose slightly by 0.2%, closing at $64.23. However, below average trading volume at 73% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 1.1% during the last week.
Current PriceTarget Research Rating
KFRC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Kforce has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Kforce has a very low Appreciation Score of 13 but a slightly positive Power Rating of 66, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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