Kelly Services Full Year 2023 Earnings: EPS Misses Expectations

Kelly Services (NASDAQ:KELY.A) Full Year 2023 Results

Key Financial Results

• Revenue: US$4.84b (down 2.6% from FY 2022).
• Net income: US$36.4m (up from US$62.5m loss in FY 2022).
• Profit margin: 0.8% (up from net loss in FY 2022).
• EPS: US$1.01 (up from US$1.64 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kelly Services EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%.

Looking ahead, revenue is expected to decline by 10% p.a. on average during the next 2 years, while revenues in the Professional Services industry in the US are expected to grow by 6.4%.

Performance of the American Professional Services industry.

The company's shares are up 8.2% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Kelly Services you should know about.

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