Kelly Services Inc. (NASDAQ: KELYA) has reported earnings for its third fiscal quarter (ending September 30) of $0.02 versus $0.18 for the same period a year ago — a decline of -89%. For the latest four quarters through September 30, E.P.S. were $1.18 compared to $0.66 a year ago — an increase of 79%.
Recent Price Action
Kelly Services Inc. (NASDAQ: KELYA) stock closed at $18.14 on 11/7/24 after a major decline of -18.5%. Moreover, exceptionally high trading volume at 214% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -11.0% during the last week.
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 C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Kelly Services has a good Appreciation Score of 83 but a poor Power Rating of 28, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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