Kelly Services Reports Massive Q4 Losses and Missed EPS Estimates

Kelly Services Reports Massive Losses: The company reported a substantial net loss in Q4, significantly missing analyst expectations for EPS. With such setbacks in both earnings and revenue, investors may need to reassess their positions.

Date: 13-02-2025

AI Rating: 3

Summary of Earnings Performance: Kelly Services (KELYB) has reported disappointing earnings for Q4, indicating significant challenges ahead for the company. The reported earnings showed a substantial net loss of -$31.8 million compared to a profit of $11.4 million in the same period last year.

Earnings Per Share (EPS): The EPS for Q4 was reported at -$0.90, down from $0.31 in the last year's quarter, meaning the company is not only failing to generate profit but is also incurring losses. Analysts had projected an EPS of $0.47, meaning that the company missed expectations by a wide margin.

Revenue Performance: The revenue for Q4 was reported at $1.191 billion, a slight decline from $1.232 billion in the same quarter last year. This indicates a decrease in sales which, paired with the negative earnings, paints a concerning picture for the company’s operational health.

Overall, the combination of a significant loss in earnings, unfavorable EPS recent results, and decline in revenue suggests that Kelly Services is facing considerable challenges. The company's performance may lead to investor hesitation, potentially impacting their stock prices negatively.

Stocks: KELYB