Kforce Q2 Nowcast Update, Datapoints Support Improving Staffing Trends

Research evidence excerpt

Kforce Q2 Nowcast Update, Datapoints Support Improving Staffing Trends

Global Research

23 July 2026ab

Kforce Equities

AmericasQ2 Nowcast Update, Datapoints Support

Improving Staffing Trends Diversified Technology Services

12-month rating Neutral

12m price target US$59.00Updated Stock Thoughts

Prior : US$47.00

Our updated Q2 nowcast and intra-quarter staffing datapoints suggest improving

demand trends during Q2. Due to these datapoints, we raise our Q2 estimates to reflect Price (22 Jul 2026) US$57.81

some modest upside to Street Q2 expectations. We also anticipate KFRC guiding Q3 RIC: KFRC.N BBG: KFRC US

revenue/EPS modestly ahead of the Street, as demand momentum continues into July.

We think the stock's recent re-rating (+78% since Q1 report) largely captures the Trading data and key metrics

demand upside, and hence remain Neutral rated. That said, we acknowledge that with 52-wk range US$58.71-24.54

estimate revisions likely continuing to trend upward, the near-term setup into the print Market cap. US$1.20b

likely skews more positive. Shares o/s 20.8m (COM)

Free float 94%

Updated Q2 Outlook and U.S. Nowcast Avg. daily volume ('000) 79.8

Q2 EPS. We raise our Q2 EPS estimate to $0.73 (was $0.71), above consensus EPS Avg. daily value (m) US$3.7

of $0.70 and toward the higher-end of guidance ($0.67-$0.75). Within this, our Common s/h equity (12/26E) US$0.12b

organic growth estimate is +5% yoy (was +4%), above Street's +4% and also at P/BV (12/26E) 8.6x

the high end of guidance (+3-5%). Our estimate contemplates a ~4% sequential Net debt to EBITDA (12/26E) 1.0x

increase in revenue per billing day, in line with the typical seasonality observed pre-

Covid (+2-4%) but above recent years, given improving staffing trends. EPS (UBS, diluted) (USD)

12/26E

Kforce Nowcast.