La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Kelly Services a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Kelly Services..

Kelly Services (NASDAQ:KELYA) Azioni, Catena delle Opzioni

Kelly Services

Kelly Services Inc is a provider of workforce solutions and consulting and staffing services. The company's operations are divided into five business segments namely Professional & Industrial, Science, Engineering & Technology, Education, Outsourcing & Consulting, and International. Other than OCG, each segment delivers talent through staffing services, permanent placement, or outcome-based services. OCG segment delivers talent solutions including managed service providers, payroll process outsourcing, recruitment process outsourcing, and talent advisory services. International also delivers RPO talent solutions within its local markets. The majority of revenue is derived from Professional & Industrial.

Kelly Services, Inc. - Class A Common Stock

Kelly Services Inc

<ul>
<li>Kelly's acquisition of Children's Therapy Center (CTC) further expands growth opportunities in the high-margin, high-demand therapeutic services segment.</li>
<li>The integration of CTC into Kelly Education's Pediatric Therapy Services will bolster service delivery, offering Minnesota school districts access to comprehensive therapy solutions to address the increasing demand arising from student special education needs.</li>
<li>The addition of CTC brings increased scale to the current network of licensed therapists, enabling flexible practice in clinics or schools. &nbsp;</li>
</ul>
TROY, Mich., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Today, <a href="https://www.kellyservices.com/">Kelly</a> (Nasdaq:&nbsp;KELYA, KELYB) announced that it has acquired <a href="https://childrenstherapyctr.com/">Children's Therapy Center (CTC)</a>. Specializing in occupational, physical, and speech therapy for children from birth to eighteen, CTC operates from its headquarters in Eagan, MN, with an additional office in Apple Valley, MN. This acquisition will integrate CTC into <a href="https://www.kellyeducation.com/">Kelly Education</a>'s <a href="https://www.mypts.com/">Pediatric Therapy Services (PTS)</a> portfolio. This provides opportunities for Minnesota school districts, including those who currently partner with <a href="https://www.teachersoncall.com/">Teachers On Call (TOC)</a>, a Kelly Education Company, to integrate PTS's related therapy services to meet the growing demand of student special education needs. The terms of the acquisition were not disclosed.

KELYA

KELYB

Kelly Announces That It Has Acquired Children's Therapy Center; The Terms Of The Acquisition Were Not Disclosed

Barrington Research analyst Kevin Steinke maintains Kelly Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KELYA#NASDAQ">KELYA</a>) with a Outperform and lowers the price target from $29 to $25.

News

Price Target

Analyst Ratings

Barrington Research Maintains Outperform on Kelly Services, Lowers Price Target to $25

<h3>Gainers</h3>
<ul>
<li>Nature's Miracle Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) shares rose 168.3% to $0.26 during Thursday's regular session. The company's market cap stands at $8.2 million. </li>
<li>Wilhelmina International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WHLM#NASDAQ">WHLM</a>) shares rose 39.84% to $4.6. The company's market cap stands at $23.7 million. </li>
<li>CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) shares increased by 25.71% to $22.1. The market value of their outstanding shares is at $2.4 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Eshallgo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHGO#NASDAQ">EHGO</a>) stock rose 25.31% to $3.77. The market value of their outstanding shares is at $81.9 million. </li>
<li>Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) stock moved upwards by 23.61% to $17.8. The market value of their outstanding shares is at $7.3 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) stock increased by 23.15% to $7.5. The company's market cap stands at $22.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Exela Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELA#NASDAQ">XELA</a>) shares declined by 39.5% to $1.2 during Thursday's regular session. The company's market cap stands at $7.6 million. </li>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) shares fell 19.9% to $1.09. The company's market cap stands at $17.6 million. </li>
<li>Pixie Dust Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXDT#NASDAQ">PXDT</a>) stock declined by 16.25% to $0.67. The market value of their outstanding shares is at $9.9 million. </li>
<li>Franklin Covey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FC#NYSE">FC</a>) stock declined by 15.75% to $37.15. The market value of their outstanding shares is at $486.4 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Kelly Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KELYA#NASDAQ">KELYA</a>) stock fell 15.67% to $18.77. The market value of their outstanding shares is at $666.5 million. As per the press release, Q3 earnings came out today. </li>
<li>TTEC Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEC#NASDAQ">TTEC</a>) stock fell 14.37% to $4.65. The market value of their outstanding shares is at $221.9 million. As per the press release, Q3 earnings came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

EHGO

ELWS

LYFT

NMHI

PXDT

SPPL

TTEC

WHLM

XELA

12 Industrials Stocks Moving In Thursday's Intraday Session

WIIM

Kelly Services shares are trading lower after the company reported worse-than-expected Q3 financial results.

Kelly Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KELYA#NASDAQ">KELYA</a>) reported quarterly earnings of $0.21 per share which missed the analyst consensus estimate of $0.36 by 41.67 percent. This is a 58 percent decrease over earnings of $0.50 per share from the same period last year. The company reported quarterly sales of $1.04 billion which missed the analyst consensus estimate of $1.07 billion by 3.20 percent. This is a 7.16 percent decrease over sales of $1.12 billion the same period last year.

Earnings

Earnings Misses

Kelly Services Q3 2024 Adj EPS $0.21 Misses $0.36 Estimate, Sales $1.04B Miss $1.07B Estimate

ALIT

BBSI

CRAI

EXPO

HSII

HURN

INOD

PAYC

PAYX

PCTY

TNET

Shares of professional service companies are trading higher after Donald Trump won the 2024 presidential election.

A new SEC filing reveals that Nicola Soares, Senior Vice President at Kelly Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KELYA#NASDAQ">KELYA</a>), made a notable insider purchase on October 16,.
What Happened: Soares's recent purchase of 9,843 shares of Kelly Services, disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000055135/000112760224025630//Archives/edgar/data/55135/000112760224025630/0001127602-24-025630-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday, reflects confidence in the company's potential. The total transaction value is $200,009.
Kelly Services shares are trading down 0.0% at $20.62 at the time of this writing on Thursday morning.
<h3>All You Need to Know About Kelly Services</h3>
Kelly Services Inc is a provider of workforce solutions and consulting and staffing services. The company's operations are divided into five business segments namely Professional &amp; Industrial, Science, Engineering &amp; Technology, Education, Outsourcing &amp; Consulting, and International. Other than OCG, each segment delivers talent through staffing services, permanent placement, or outcome-based services. OCG segment delivers talent solutions including managed service providers, payroll process outsourcing, recruitment process outsourcing, and talent advisory services. International also delivers RPO talent solutions within its local markets. The majority of revenue is derived from Professional &amp; Industrial.
<h3>Kelly Services: Delving into Financials</h3>
Revenue Challenges: Kelly Services's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -13.12%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 20.21%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Kelly Services's EPS reflects a decline, falling below the industry average with a current EPS of 0.13.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.21.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: Kelly Services's P/E ratio of 15.62 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.17, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a below-average EV/EBITDA ratio of 10.38, Kelly Services presents an opportunity for value investors. This lower valuation may attract investors seeking undervalued opportunities.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Pay Attention to Insider Transactions</h3>
It's important to note that insider transactions alone should not dictate investment decisions, but they can provide valuable insights.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000055135">Check Out The Full List Of Kelly Services's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Kelly Services Senior Vice President Trades $200K In Company Stock

Disclosed in the latest SEC filing, a significant insider purchase on October 16, involves Daniel Malan, Senior Vice President at Kelly Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KELYA#NASDAQ">KELYA</a>).
What Happened: Malan's recent purchase of 9,843 shares of Kelly Services, disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000055135/000112760224025633//Archives/edgar/data/55135/000112760224025633/0001127602-24-025633-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday, reflects confidence in the company's potential. The total transaction value is $200,009.
In the Thursday's morning session, Kelly Services's shares are currently trading at $20.62, experiencing a down of 0.0%.
<h3>Delving into Kelly Services's Background</h3>
Kelly Services Inc is a provider of workforce solutions and consulting and staffing services. The company's operations are divided into five business segments namely Professional &amp; Industrial, Science, Engineering &amp; Technology, Education, Outsourcing &amp; Consulting, and International. Other than OCG, each segment delivers talent through staffing services, permanent placement, or outcome-based services. OCG segment delivers talent solutions including managed service providers, payroll process outsourcing, recruitment process outsourcing, and talent advisory services. International also delivers RPO talent solutions within its local markets. The majority of revenue is derived from Professional &amp; Industrial.
<h3>Key Indicators: Kelly Services's Financial Health</h3>
Revenue Growth: Kelly Services's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -13.12%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Profitability Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 20.21%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Kelly Services exhibits below-average bottom-line performance with a current EPS of 0.13.
</li>
</ul>
Debt Management: Kelly Services's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.21.
Insights into Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 15.62, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 0.17, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 10.38, Kelly Services could be considered undervalued.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Relevance of Insider Transactions</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Cracking Transaction Codes</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000055135">Check Out The Full List Of Kelly Services's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Move: Daniel Malan Invests $200K In Kelly Services Stock

It was revealed in a recent SEC filing that Peter Quigley, President and CEO at Kelly Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KELYA#NASDAQ">KELYA</a>) made a noteworthy insider purchase on October 16,.
What Happened: Quigley's recent move, as outlined in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000055135/000112760224025635//Archives/edgar/data/55135/000112760224025635/0001127602-24-025635-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday, involves purchasing 9,843 shares of Kelly Services. The total transaction value is $200,009.
Kelly Services shares are trading down 0.0% at $20.62 at the time of this writing on Thursday morning.
<h3>Discovering Kelly Services: A Closer Look</h3>
Kelly Services Inc is a provider of workforce solutions and consulting and staffing services. The company's operations are divided into five business segments namely Professional &amp; Industrial, Science, Engineering &amp; Technology, Education, Outsourcing &amp; Consulting, and International. Other than OCG, each segment delivers talent through staffing services, permanent placement, or outcome-based services. OCG segment delivers talent solutions including managed service providers, payroll process outsourcing, recruitment process outsourcing, and talent advisory services. International also delivers RPO talent solutions within its local markets. The majority of revenue is derived from Professional &amp; Industrial.
<h3>Kelly Services: Financial Performance Dissected</h3>
Decline in Revenue: Over the 3 months period, Kelly Services faced challenges, resulting in a decline of approximately -13.12% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Exploring Profitability:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 20.21%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Kelly Services's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.13.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.21.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 15.62, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 0.17, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 10.38, Kelly Services's EV/EBITDA ratio reflects a below-par valuation compared to industry averages signalling undervaluation
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Impact of Insider Transactions on Investments</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Cracking Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000055135">Check Out The Full List Of Kelly Services's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Massive Insider Trade At Kelly Services

Barrington Research analyst Kevin Steinke maintains Kelly Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KELYA#NASDAQ">KELYA</a>) with a Outperform and maintains $29 price target.

Barrington Research Maintains Outperform on Kelly Services, Maintains $29 Price Target

Following an orderly transition of responsibilities, Anderson will succeed&nbsp;Olivier Thirot, executive vice president and chief financial officer, who on July 8, 2024, informed Kelly of his intention to retire as an officer of the Company. Upon completion of the transition, Thirot will serve as a strategic advisor to the Company.

Management

Kelly Names Troy Anderson As Executive Vice President And CFO Designate, Effective October 14, 2024

<h4>Key Takeaways:</h4>
<ul>
<li>Shares of Kanzhun fell more than 20% in New York after it issued quarterly results that barely met earlier guidance despite strong profit and revenue growth</li>
<li>The company&rsquo;s core business customers are less willing to pay for its recruitment services as job seekers flood the market</li>
</ul>
By Edith Terry
It almost looks like investors don&rsquo;t like good news. At least that&rsquo;s how it appeared when leading employment services provider&nbsp;Kanzhun Ltd.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bz#NASDAQ">BZ</a>) announced its&nbsp;<a href="https://www.globenewswire.com/news-release/2024/08/28/2936891/0/en/KANZHUN-LIMITED-Announces-Second-Quarter-2024-Financial-Results.html">second-quarter earnings</a>&nbsp;last week that looked like a winner by most standards.
The operator of China&rsquo;s largest digital recruitment platform reported second-quarter revenue of 1.9 billion yuan ($264 million), up 28.8% from a year earlier. Its net income of 417 million yuan was also up by a healthy 34.8%, and average monthly active users, including both employers and job seekers, rose 25.2% to 54.6 million.
Despite those upbeat numbers, Kanzhun&rsquo;s shares promptly tumbled in both Hong Kong the U.S. after the announcement, including a 21% drop in New York. Why the stampede for the exits?
One reason may be that Kanzhun&rsquo;s revenue came in at the low end of its earlier guidance for between 1.91 billion yuan and 1.96 billion yuan. The second-quarter growth rate also represented a slowdown from the 33.4% growth in the first quarter, when the figure reached 1.7 billion yuan.
But coming in at the bottom end of guidance is only part of the reason for investor skepticism. The company has gone through its shares of ups and downs since its U.S. listing in June 2021 and Hong Kong IPO in December 2022. The stock more than doubled shortly after its U.S. listing, but has been on a steady downward track since then. It made its Hong Kong IPO amid fears of a potential U.S. delisting and a forced six-month pause in its new user signups after a tussle with China&rsquo;s cybersecurity watchdog.
It&rsquo;s quite possible that some investors were scared in these latest results by the cautious note sounded by Kanzhun founder Zhao Peng, who also uses the name Jonathan.
&ldquo;During challenging times, confidence is crucial for everyone, no matter co-investors, co-employees, or potential investors, or prospective talent,&rdquo; Zhao said on the company&rsquo;s earnings call. &ldquo;In tough times, confidence is more valuable than growth. Ensuring profitability for the year will help to sustain confidence in the company, which can be achieved through further refinement of our management.&rdquo;
Investors were also likely concerned at Zhao&rsquo;s observation that recruitment demand weakened in the latter half of the second quarter due to the growing number of job seekers in the market. &ldquo;There were relatively fewer enterprise users and more job seekers in the market,&rdquo; he said. &ldquo;Most enterprise users found it easier to hire a project team that it took three months to fill all the positions in the past, and now only takes two months. This reduces the desire of enterprise users to spend money.&rdquo;
Zhao also promised to expand Kanzhun&rsquo;s $200 million share buyback program, announced in March. True to his word, the company announced a new $150 million buyback program the next day, helping the stock regain some of its earlier losses.
<h3>Strong Growth Targets</h3>
Kanzhun is targeting a full-year non-GAAP operating profit of 2.3 billion yuan, which would be up 40% year-on-year and come through greater economies of scale and cost management, CFO Zhang Yu said on the earnings call. The company is also aiming to sign up 40 million to 45 million new users for the year &ndash; a target that looks quite attainable after it signed up 28 million new users in the first half.
Like many companies in China, Kanzhun recorded steep losses during the pandemic in 2021 and 2022, as the recruitment industry cratered and job mobility all but stopped in the services industry and for new graduates. The unemployment rate for the latter rose to 19.9% in the summer of 2022, giving employers the upper hand ever since.
Kanzhun is China&rsquo;s leader in its core business of selling employment services to businesses. In 2022 its BOSS Zhipin platform had 53.7% of the hiring market with employers, and 46.3% with job seekers, according to data platform Statista. As of the end of April 2024, it had served a cumulative 190 million verified users, including 14 million enterprises.
Online recruitment services to enterprise customers accounted for 1.89 billion yuan in the company&rsquo;s second-quarter revenue, or nearly all of its total, while fees from job seekers made up the rest. Its number of paid enterprise users during the 12 months to June 30 increased by 31% year-on-year to 5.9 million.
Zhao said he would focus on new growth drivers to diversify the company&rsquo;s business, including stepping up blue-collar recruitment and overseas business.
The pivot to more blue collar recruitment comes as China faces dire shortages of skilled manufacturing and logistics workers. The Ministry of Human Resources and Social Security estimated that nearly 30 million manufacturing jobs will go unfilled by 2025. And according to one source, the cost of finding and hiring such workers was more than 10,000 yuan per worker.
Despite its attempts to tap into that market, Kanzhun&rsquo;s blue-collar strategy has gotten off to a rocky start. In March 2024, it acquired 77% of WD Technology Investment Group, which Zhao previously described as &ldquo;the leading manufacturing talent delivery program in China.&rdquo; In the first quarter, the number and growth rate of new blue-collar users for Kanzhun exceeded its white-collar segment.
But by the second quarter, Zhao described the situation as more complicated. &ldquo;The complex relationship between factories, workers, platforms and agents has made it challenging for online platforms to serve blue collar&rdquo; employers and job applicants, he said.
Part of the problem has been rogue agents who falsify information, which Kanzhun has addressed by introducing a system of identifying &ldquo;trustworthy&rdquo; agents. Seasonal issues also affect the business, with hiring reaching a height during the Lunar New Year early each year and then falling back after that.
Nonetheless, factory recruitment, followed by logistics, are outperforming all other industries, Zhao said. &ldquo;We believe this is the first real chance for the online recruitment platform to go into the blue-collar manufacturing industry and make some real money,&rdquo; he added.
With its trailing price to earnings (P/E) ratio of 28, Kanzhun is not cheap but is comparable to smaller peer&nbsp;Tongdao Liepin&nbsp;(6100.HK), which trades at 24. Global giants like&nbsp;Adecco&nbsp;(ADIA.F) and&nbsp;Kelly Services&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kelya#NASDAQ">KELYA</a>) trade lower with P/E ratios of 17 and 16, respectively, showing the Chinese companies are still valued notably higher than their larger global peers. But the premium gap could narrow if Chinese companies rein in their spending on hiring as the nation&rsquo;s economy slows.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Asia

Small Cap

Markets

General

Kanzhun Works Investors Into Selling Frenzy With Talk Of 'Challenging Times'

Kelly Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KELYA#NASDAQ">KELYA</a>) reported quarterly earnings of $0.71 per share which beat the analyst consensus estimate of $0.56 by 26.79 percent. This is a 97.22 percent increase over earnings of $0.36 per share from the same period last year. The company reported quarterly sales of $1.057 billion which beat the analyst consensus estimate of $1.048 billion by 0.85 percent. This is a 13.15 percent decrease over sales of $1.217 billion the same period last year.

Earnings Beats

Kelly Services Q2 2024 Adj. EPS $0.71 Beats $0.56 Estimate, Sales $1.057B Beat $1.048B Estimate

Republic Services (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rsg#NYSE">RSG</a>) had an impressive run over the past year. In the same time frame, the stock has gained 32% compared with the 21.3% rally of the industry it belongs to and the 26.1% rise of the Zacks S&amp;P 500 composite.
RSG&#39;s revenues for 2024 and 2025 are anticipated to increase 7.9% and 5.7%, respectively, on a year-over-year basis.Its earnings for 2024 and 2025 are expected to grow 7.8% and 10.5%, respectively, year over year.The company has an expected long-term (three to five years) earnings per share growth rate of 9.9%.
<h3>Reasons for the Upside</h3>
Republic Services&#39; earnings surpassed the Zacks Consensus Estimate in the past four quarters, delivering an average earnings surprise of 7.8%.
RSG, a leading waste disposal company, is expected to continue benefiting from ongoing trends like increasing environmental concerns, rapid industrialization, a rise in population and active government measures to reduce illegal dumping. The company focuses on the expansion of its recycling volume via improved material handling processes and programs.
Republic Services developed its first Polymer Center last year to increase the recycling of plastics across North America. The company&#39;s top line increased 10.8% year over year in 2023 and is expected to grow 7.7%, 5.3%, and 7.9% in 2024, 2025 and 2026 year over year, respectively.
The company continues to focus on the implementation of digital tools that enhance the customer and employee experience. RSG&#39;s RISE digital operations platform helps in route optimization and safety performance. It provides predictable service delivery to the customers.
Republic Services aims to develop an asset management system, which is anticipated to boost maintenance technician productivity and improve warranty recovery. The company expects to begin the deployment in the later part of this year using a phased approach. RSG estimates such a strategy to result in $20 million of annual cost savings by 2026.
Republic Services has put a greater emphasis on sustainability innovations and decarbonization. Its investments in plastic circularity and renewable natural gas are expected to become a platform for profitability. The company continues to advance its efforts to support decarbonization, including its commitment to fleet electrification. Currently, it has 15 collection vehicles in operations and expects to have more than 50 additional to its fleet by the end of this year.
RSG puts consistent efforts into rewarding its shareholders through dividend payments and share repurchases. In 2023, 2022 and 2021, the company paid out $650 million, $592.9 million and $552.6 million in dividends and repurchased shares worth $261.8 million, $203.5 million and $252.2 million, respectively.
Actions as such indicate the company&#39;s commitment to creating value for shareholders and underline its confidence in its business. These initiatives not only instill investors&#39; confidence but also positively impact the bottom line.
<h3>Zacks Rank &amp; Other Stocks to Consider</h3>
RSG currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader Zacks&nbsp;Business Services&nbsp;sector are Kelly Services (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kelya#NASDAQ">KELYA</a>) and Charles River Associates&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crai#NASDAQ">CRAI</a>).
Kelly Services is currently a Zacks #1 Ranked (Strong Buy) stock.
KELYA has a long-term earnings growth expectation of 13%. It delivered a trailing four-quarter earnings surprise of 45.8% on average.
Charles River Associates has a Zacks Rank #2 at present. It has a long-term earnings growth expectation of 16%.
CRAI delivered a trailing four-quarter earnings surprise of 19.1%, on average.
<a href="https://www.zacks.com/stock/news/2300184/republic-services-rsg-stock-gains-32-in-a-year-here-s-why?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2300184">To read this article on Zacks.com click here.</a>

Republic Services Stock Gains 32% in a Year: Here's Why

Broadridge (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/br#NYSE">BR</a>) had an impressive run over the past year. In the same time frame, the stock has gained 20.9% compared with the 10% rally of the industry it belongs to.
BR&#39;s revenues for 2024 and 2025 are anticipated to increase 7.7% and 5.5%, respectively, on a year-over-year basis.Its earnings for 2024 and 2025 are expected to grow 10.1% and 8.7%, respectively, year over year.
<h3>Reasons for the Upside</h3>
Broadridge&#39;s earnings surpassed the Zacks Consensus Estimate in the past three quarters and met in one, delivering an average earnings surprise of 6%.
The company offers SaaS-based BPO services, leveraging networks, data, and digital capabilities to reduce the cost of its clients. A strong business model, coupled with substantial recurring revenue streams,&nbsp; provides good visibility to the company on its organic revenues in the near- to mid-term.
In fiscal 2023, recurring revenues accounted for nearly 66% of the top line despite ongoing economic uncertainty. Total revenues increased 6% on a year-over-year basis in fiscal 2023 and are anticipated to gain 7.6%, 5%, and 5.2% in 2024, 2025, and 2026, respectively.
The company is effectively executing its growth strategy in governance, capital markets, and wealth management. On the governance front, it is using the next generation of digital communications and enhancing print and mail services via advanced technology. In capital markets, the company continues to develop its global platform capabilities and improve its offerings using next-generation solutions. On the wealth management front, it is attracting significant interest in its broad suite of wealth capabilities.
In fiscal 2023, 2022, and 2021, the company paid $331.0 million, $290.7 million, and $261.7 million in dividends, respectively. Such a strategy helps the company to show commitment toward returning value to shareholders and underlines its business confidence. We are anticipating consistent income growth which will translate to steady cash flow, enabling Broadridge to pay out stable dividends.
Broadridge&#39;s current ratio (a measure of liquidity) at the end of third-quarter fiscal 2024 was pegged at 1.39, higher than the year-ago quarter&#39;s 1.35. A current ratio of more than 1 often indicates that the company will easily pay off its short-term obligations.
<h3>Zacks Rank &amp; Stocks to Consider</h3>
BR currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks&nbsp;Business Services&nbsp;sector are&nbsp;Booz Kelly Services (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kelya#NASDAQ">KELYA</a>) and&nbsp;Lightspeed POS (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lspd#NYSE">LSPD</a>).
Booz Kelly Services flaunts a Zacks Rank #1 (Strong Buy) at present. It has a long-term earnings growth expectation of 13%.
KELYA delivered a trailing four-quarter earnings surprise of 45.8%, on average.
Lightspeed POS is currently a Zacks #1 Ranked stock. It has a long-term earnings growth expectation of 33.4%.
LSPD delivered a trailing four-quarter earnings surprise of 191.7% on average.
<a href="https://www.zacks.com/stock/news/2296639/broadridge-br-stock-up-21-in-a-year-what-should-you-know?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2296639">To read this article on Zacks.com click here.</a>

Fintech news covering the emerging Financial Technology services sector

Fintech

LSPD

Broadridge Stock Up 21% in a Year: What Should You Know?

Kelly Divests Ayers Group To Keystone Partners, Refocusing On Global RPO And MSP Solutions

Kelly Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KELYA#NASDAQ">KELYA</a>) reported quarterly earnings of $0.56 per share which beat the analyst consensus estimate of $0.47 by 19.15 percent. The company reported quarterly sales of $1.045 billion which met the analyst consensus estimate. This is a 17.59 percent decrease over sales of $1.268 billion the same period last year.

Kelly Services Q1 2024 Adj EPS $0.56 Beats $0.47 Estimate, Sales $1.045B Inline

Kelly Services ( ($KELYA) ) has issued an update. Kelly Services, Inc. has announced the appointment of Troy R. Anderson as the new Executive Vice ...

Kelly Services Names Troy Anderson New CFO

Analyst Kevin Steinke from Barrington reiterated a Buy rating on Kelly Services (KELYA – Research Report) and keeping the price target at $29.00. K...

Buy Rating Affirmed for Kelly Services Amid Strategic Growth and Margin Expansion

Kelly Education announces a strategic partnership aimed at supporting the continuity of learning during the persistent teacher and support staff va...

Kelly Services, Elevate K-12 partner to address teacher vacancy crisis

Kelly Services Non-GAAP EPS of $0.02 misses by $0.45, revenue of $1.03B misses by $40M

Kelly Services declares $0.075 dividend

Kelly Services, Inc. (KELYA) Q3 2024 Earnings Call Transcript

This week, several dividend stocks are trading close to their 52-week lows. Here is a list of ten such stocks that are also reaching their ex-divid...

Ex-Dividend Date Nearing for These 10 Stocks – Week of November 18, 2024

Kelly Services (KELYA – Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Kevin Steinke from ...

Kelly Services' Strategic Acquisitions and Segment Growth Justify Buy Rating Despite Revenue Decline

Barrington analyst Kevin Steinke lowered the firm's price target on Kelly Services (KELYA) to $25 from $29 and keeps an Outperform rating on the sh...

Kelly Services price target lowered to $25 from $29 at Barrington

Kelly has acquired Children's Therapy Center. Specializing in occupational, physical, and speech therapy for children from birth to eighteen, CTC o...

Comments

Kelly Services

Kelly Services (KELYA) Opzioni

Kelly Services (NASDAQ:KELYA) Azioni, Catena delle Opzioni

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO