Kelly Services Inc. (NASDAQ: KELYA) has reported E.P.S. of $0.71 for its first fiscal quarter (ending March 31) versus $0.29 for the same period a year ago — an increase of 145%. Relative to the consensus estimate of $0.48, this was a premium of $0.23. For the latest four quarters through March 31, E.P.S. were $1.41 compared to $-0.10 a year ago.
Recent Price Action
Kelly Services Inc. (NASDAQ: KELYA) stock closed at $22.02 on 5/9/24 after a large decline of -6.3%. Moreover, above average trading volume at 132% of normal accompanied the decline. The stock has declined -5.7% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
KELYA is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Kelly Services has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Kelly Services has a good Appreciation Score of 72 and a very high Power Rating of 86, leading to the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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