RobinHoefnagel

Bullish

Long
RobinHoefnagel Updated   
NASDAQ:KFRC   Kforce, Inc.
The fundamentals of this company are growing steady, their revenue is growing very well for the past 10 years. They're also performing well in their sector but where highly influenced by the direction of the overall market.

Numbers are in millions

Revenue 2017: 1.357.940
Revenue 2013: 1.073.728
Revenue 2008: 972.781

Net income 2017: 33.285
Net income 2013: 5.294
Net income 2008: -84.121

EPS 2017: 1.30
EPS 2013: 0.32
EPS 2008: -2.13

These numbers are just a small insight of the growth of this company. Currently is this stock trading at the 200 EMA with an upcomming earning release. wich made the stock soar the last 9 out of 10 times.

The stock has been very volatile last weeks, this can be dued by the direction of the overall market but there was no negative news about this company which made the stock tanking.


Sorry if my English wasn't perfect...
Comment:
KFRC is holding it support. With upcoming earnings, the volume went lower and the price range got smaller. Earning report need to beat the expectations to not break through the support. When they do beat and the market has a strong day the uptrend will start again.

31 October is the earning release
Comment:
KFRC is almost 15% down on 31-10 This is because the guidance is lower than the expectations. This is what the guidance is:

Kforce expects Q4 revenue of $349M to $354M vs. $355M consensus and Q4 EPS of $0.56 to $0.58 vs. $0.59 consensus.

The numbers are not a match but they are not a 15% drop worth. Watch the price movement and how the 200 EMA will hold.
Comment:
KFRC wasn't able to break the 29.45 price line. This line showed good support. Watch if this line holds it supports.

The stock is moving with the overall market lately, be careful.
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