Kelly Services (Nasdaq: KELYA, KELYB), a global leader in providing workforce solutions, today announced it will be participating in the STRH Technology, Internet & Services Conference on March 10 and 11, 2020. Olivier Thirot, executive vice president and chief financial officer, and James Polehna, senior vice president and corporate secretary, will be participating in one-on-one meetings.
In recognition of this need, Kelly Education, a leading provider of teaching talent, has stepped in to help families by connecting them to a talented pool of teachers serving as virtual tutors. Kelly is making this possible through a unique partnership with Moonlighting, a leading freelance platform focused on helping independent workers. While helping parents find much-needed instructional support, the partnership will also help Kelly Education teachers earn income while schools remain closed.
Kelly Services has been struggling lately, but the selling pressure may be coming to an end soon.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
TROY, Mich., May 14, 2020 -- Kelly (Nasdaq: KELYA) (Nasdaq: KELYB), a leading specialty talent solutions provider, today announced it will participate in the Barrington.
Financial Highlights Q4 revenue down 5.4%; down 5.2% in constant currencyQ4 operating earnings of $13.1 million, including a $15.8 million asset impairment charge, compared to.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Shares of Kelly Services (NASDAQ:KELYA) remained unaffected at $15.27 after the company reported Q1 results.Quarterly Results Earnings per share decreased 50.00% over the past year to $0.20, which missed the estimate of $0.31.Revenue of $1,261,000,000 less by 8.82% from the same period last year, which missed the estimate of $1,310,000,000.Looking Ahead Kelly Services hasn't issued any earnings guidance for the time being.Kelly Services hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: May 04, 2020View more earnings on KELYATime: 05:04 PM ETWebcast URL: https://edge.media-server.com/mmc/p/npu8dodnRecent Stock Performance 52-week high: $28.9152-week low: $10.13Price action over last quarter: down 24.37%Company Overview Kelly Services Inc is a provider of workforce solutions and consulting and staffing services. The company's operations are divided into three business segments namely Americas Staffing, Global Talent Solutions ("GTS") and International Staffing. It provides staffing solutions through its branch networks in Americas and International operations and also provides a suite of innovative talent fulfilment and outcome-based solutions through GTS segment. Americas Staffing generates maximum revenue from its operations.See more from Benzinga * PetMed Express: Q4 Earnings Insights * Ferrari: Q1 Earnings Insights * Recap: Customers Bancorp Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Q1 2020 Kelly Services Inc Earnings Call
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Q4 2019 Kelly Services Inc Earnings Call
Kelly Services Inc. said it was taking several actions in response to labor market disruptions caused by the COVID-19 pandemic, including furloughing and redeployment of some employees, suspending its dividend, cutting pay for full-time salaried employees and senior management by 10% and suspending its 401(k) match. The company said its board supported a draw-down from the company's credit facility. Shares of job placement company dropped 7.1% in morning trading. Among some of its staffing services peers, shares of ManpowerGroup gave up 4.8% and Robert Half International Inc. lost 3.8%. Kelly had most-recently paid a quarterly dividend of 7.5 cents a share in February. "In light of the current uncertain environment, we took additional precautionary actions to further strengthen our balance sheet and enhance our financial flexibility," said Chief Executive Peter Quigley. "While certainly painful, some shared sacrifice now will provide us the opportunity to remain strong and well-positioned coming out of this crisis." Kelly's stock has plunged 40.2% over the past three months, while the S&P 500 has declined 15.9%.
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Financial Highlights Q1 revenue down 8.8%; 2.7% of the decline due to estimated impact of COVID-19 crisis Q1 operating earnings decline on $147.7 million non-cash goodwill.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Kelly Services, Inc., (Nasdaq: KELYA, KELYB), a global leader in providing workforce solutions, today announced the launch of its Human Cloud platform aggregator, a first-of-its-kind solution that delivers a curated pipeline of highly skilled, niche talent through one easy-to-use interface. Launch partners include freelance work platforms Business Talent Group (BTG), Toptal, The Mom Project and 99designs. The Kelly Human Cloud uses a company’s pre-existing Managed Service Provider (MSP) to integrate with freelance work platforms.
Kelly Services, Inc. (Nasdaq: KELYA, KELYB), a global leader in providing workforce solutions, today announced its first quarter conference call and logistic changes to the company’s annual meeting. The news is announced as the company takes multiple steps to respond to the unprecedented COVID-19 pandemic including compensation action, temporary furloughs and redeployment. While the current crisis presents extraordinary conditions for the company and the industry, Kelly remains confident in its ability to adapt as we have over the past 74 years of operations.
With me on the call is Olivier Thirot, our CFO. Then Olivier will walk us through highlights of our quarterly performance, including the impact of COVID-19 and the goodwill impairment we announced in this morning's release which was triggered by the stock market's response to the crisis.
Kelly Services Inc. (Nasdaq: KELYA, KELYB), a global leader in providing workforce solutions, today announced the hiring of D. Hugo Malan as Senior Vice President and President of the STEM specialty business being formed as part of Kelly’s new structure announced in February by President and Chief Executive Officer Peter Quigley. With approximately 20 years of wide-ranging business leadership experience, Malan brings a fresh perspective to Kelly as the company accelerates its transformation into a leading specialty talent solutions provider. Malan will have overall responsibility for Kelly’s Science, Engineering and IT business portfolios and related product offerings while driving strategy and seamless execution of all aspects of the STEM business.
Kelly Services (KELYA) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.