Kforce Post Earnings Trade
Kforce Inc provides professional and technical specialty staffing services and solutions for the technology, finance, healthcare and government sectors. The company reported earnings of $0.37 per share on revenue of $346.3 million on 05/01/2018. Kforce revenue grew 3.7% on a year-over-year basis.
Summary
The company said it expects second-quarter earnings of $0.62 to $0.65 per share on revenue of $355.0 million to $360.0 million. The current consensus earnings estimate is $0.61 per share on revenue of $353.7 million for the quarter ending June 30, 2018.
Kforce KFRC “Stocks Higher on Volume” scan.
The stock is currently 5% above its pivot, so we would be interested if it pullbacks 1 or 2% into Thursdays range or if it forms a bull flag. There is no need to chase it higher. RS line has room to run. Also, note the table on the left show analysts are projecting higher numbers (+41%) in 2018 and 2019.
Kforce (KFRC) competitors are worth a look as well.
The “Top 10 Stocks Higher on Volume” for Thursday are referenced for your review.
The economy and sentiment are improving. Job data suggests employment and staffing firms will benefit in the next few quarters.
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Happy Fry-Day,
Vinny
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