2024-02-18 10:56:07 ET
Summary
- Kforce shares have recovered from a low in December 2022 but remain below their 2021 highs.
- Q4 earnings beat projections, showing a decline in revenues and earnings but maintaining sound profitability.
- The company's focus on technology and strong relationships with customers positions it for sustained growth in the future.
Intro
We wrote about Kforce (Staffing Services Outfit) (KFRC) in April 2022 when we assessed whether the multi-year bull run in the staffing & employment company could indeed continue. Shares at the time were trading just below the $72 mark. Despite the stock's strong dividend growth rates at the time, shares looked overbought on the technical chart. We, therefore, urged investors to remain cautious (citing a 'Hold' rating) until the stock confirmed its near-term direction....
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For further details see:
Kforce: Technology Related Growth Only In Initial Innings