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GOOGL   1,551.08 (+1.38%)
AMZN   3,217.01 (+0.31%)
TSLA   421.94 (-2.06%)
NVDA   545.82 (+1.09%)
BABA   309.81 (+1.48%)
CGC   18.88 (-4.69%)
GE   7.34 (+0.69%)
MU   53.53 (+1.71%)
AMD   81.56 (-0.54%)
T   26.76 (-0.45%)
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ACB   4.56 (-3.18%)
GILD   60.55 (-0.03%)
NFLX   525.42 (-1.00%)
BA   167.24 (+0.08%)
BAC   24.14 (+1.77%)
DIS   124.95 (+0.58%)
QQQ   284.41 (+0.21%)
AAPL   117.51 (+1.32%)
MSFT   214.65 (+0.20%)
FB   267.56 (+2.36%)
GOOGL   1,551.08 (+1.38%)
AMZN   3,217.01 (+0.31%)
TSLA   421.94 (-2.06%)
NVDA   545.82 (+1.09%)
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AMD   81.56 (-0.54%)
T   26.76 (-0.45%)
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TSLA   421.94 (-2.06%)
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BABA   309.81 (+1.48%)
CGC   18.88 (-4.69%)
GE   7.34 (+0.69%)
MU   53.53 (+1.71%)
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$1.04 Billion in Sales Expected for Kelly Services, Inc. (NASDAQ:KELYA) This Quarter

Last updated on Sunday, October 18, 2020 | 2020 MarketBeat

Wall Street brokerages expect Kelly Services, Inc. (NASDAQ:KELYA) to report sales of $1.04 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Kelly Services' earnings, with the highest sales estimate coming in at $1.05 billion and the lowest estimate coming in at $1.03 billion. Kelly Services reported sales of $1.27 billion during the same quarter last year, which indicates a negative year over year growth rate of 18.1%. The firm is scheduled to report its next quarterly earnings report on Wednesday, November 4th.

According to Zacks, analysts expect that Kelly Services will report full-year sales of $4.43 billion for the current fiscal year, with estimates ranging from $4.42 billion to $4.44 billion. For the next financial year, analysts forecast that the business will post sales of $4.87 billion. Zacks Investment Research's sales averages are an average based on a survey of sell-side analysts that that provide coverage for Kelly Services.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.11) by $0.62. The business had revenue of $975.30 million for the quarter, compared to the consensus estimate of $998.74 million. Kelly Services had a positive return on equity of 5.82% and a negative net margin of 2.18%. The firm's quarterly revenue was down 28.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 earnings per share.

KELYA has been the topic of a number of research analyst reports. Barrington Research initiated coverage on Kelly Services in a report on Thursday, June 25th. They issued an "outperform" rating and a $25.00 target price on the stock. Zacks Investment Research downgraded Kelly Services from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Noble Financial reiterated a "hold" rating on shares of Kelly Services in a research note on Tuesday, August 25th. BidaskClub upgraded Kelly Services from a "hold" rating to a "buy" rating in a research note on Friday, October 9th. Finally, TheStreet upgraded Kelly Services from a "d+" rating to a "c" rating in a research note on Tuesday, August 25th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. The stock has an average rating of "Hold" and a consensus target price of $24.33.

A number of large investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. bought a new position in Kelly Services during the 3rd quarter worth $2,024,000. State of Alaska Department of Revenue raised its position in Kelly Services by 2.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 31,424 shares of the business services provider's stock worth $535,000 after purchasing an additional 810 shares during the last quarter. Two Sigma Advisers LP raised its position in Kelly Services by 2.2% during the 2nd quarter. Two Sigma Advisers LP now owns 92,532 shares of the business services provider's stock worth $1,463,000 after purchasing an additional 2,000 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in Kelly Services by 17.9% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,800 shares of the business services provider's stock worth $250,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Kelly Services by 4.7% during the 2nd quarter. Principal Financial Group Inc. now owns 263,571 shares of the business services provider's stock worth $4,168,000 after purchasing an additional 11,795 shares during the last quarter. 68.83% of the stock is owned by institutional investors and hedge funds.

Shares of KELYA stock opened at $19.10 on Friday. The stock's fifty day moving average price is $17.70 and its two-hundred day moving average price is $15.66. The company has a market cap of $750.48 million, a PE ratio of -7.05, a P/E/G ratio of 1.58 and a beta of 1.22. Kelly Services has a fifty-two week low of $10.13 and a fifty-two week high of $25.09.

About Kelly Services

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries worldwide. The company operates through three segments: Americas Staffing, Global Talent Solutions, and International Staffing. It provides trained employees for data entry, clerical, and administrative support roles across various industries; schools with instructional and non-instructional employees; support staff for seminars, sales, and trade shows; assemblers, quality control inspectors, and technicians for electronic assembly; maintenance workers, material handlers, and assemblers for light industrial works; scientists, and scientific and clinical research workforce solutions; engineering professionals across various disciplines, including 5G, aeronautical, chemical, civil/structural, electrical/instrumentation, environmental, industrial, mechanical, petroleum, pharmaceutical, quality, and telecommunications.

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7 Retail Stocks That Defied The Pandemic

When the COVID-19 pandemic struck there was no reason to think a retailer, any retailer, would be able to come out alive. After all, the economy was looking at a month or more of shut-down and most retailers survive on a thread of profits. What most analysts failed to consider is the health of the economy going into the pandemic and what that meant for spending power.

The U.S. economy was on the brink of acceleration way back in February of 2020. It was a different time, employment was at its strongest in decades and the consumer was flush. Yes, the stimulus checks helped drive the trends I am alluding to but spending on Stay-at-Home, Home-Improvement, and Outdoor Living began well before those checks were mailed.

What we are about to show you is a group of stocks that were able to defy the pandemic. Some of them were perfectly positioned for the crisis and surfed it like the wave of profits it was. Some were able to adjust and come back fighting. Others circled the wagons and waited out the storm. In all cases, the businesses are supported by a healthy eCommerce presence and benefit from brand recognition, a combination that has digital sales up triple-digits from 2019. And some of them pay a good dividend too!

View the "7 Retail Stocks That Defied The Pandemic".

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