Monday, June 09, 2025
Kelly (Nasdaq: KELYA, KELYB) connects talented people to companies in need of their skills in areas including Science, Engineering, Education, Office, Contact Center, Light Industrial, and more. We’re always thinking about what’s next in the evolving world of work, and we help people ditch the script on old ways of thinking and embrace the value of all workstyles in the workplace. We directly employ nearly 350,000 people around the world and connect thousands more with work through our global network of talent suppliers and partners in our outsourcing and consulting practice. Revenue in 2021 was $4.9 billion. Visit kellyservices.com and let us help with what’s next for you.
Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Noble Virtual Conference. Kelly Services CFO Troy Anderson and IR Scott Thomas presented at the Noble Virtual Conference. Highlights included the value creation opportunity, increased margins, and capital allocation. A rebroadcast is available at https://www.channelchek.com/videos/kelly-services-kelya-noble-capital-markets-virtual-conference-replay.
Value Creation Opportunity. A key chart in Kelly’s presentation highlights how the implied value of Kelly’s individual businesses and their valuation multiples relative to peers implies considerable upside potential. Based on Kelly’s current enterprise value and the historic valuation multiple of the peer group, management believes KELYA shares have a nearly 100% upside opportunity at this time.
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*Analyst certification and important disclosures included in the 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.
