Movers and SHAKERS
Kelly Services (KELYA)
Will the Second Half of 2019 Be Better than the First Half?
Kelly Services provides workforce solutions to a diversified group of customers in three regions: the Americas; Europe, the Middle East, and Africa (“EMEA”); and Asia Pacific (“APAC”). The customer base spans a variety of industries and includes more than 90 percent of the Fortune 100 companies. In 2018, the assigned approximately 500,000 temporary employees to a variety of customers around the globe.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- 2Q19 Results. Kelly Services reported revenue of $1.37B, down 1.4% for the quarter, and EPS of $2.12, although this number includes a number of positive items, compared to a loss of $0.40 in the same period last year. On a like basis, EPS would have been $0.-— compared to $0.54 last year.
- Top Line The Issue. A difficult top line is the reason behind the miss, with comparable sales...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.