Kforce Inc Dossier
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SectorIndustrials IndustryHuman Resource & Employment Services Beta (adjusted)0.90 Intrinsic Value $52.39median of 6 methods · middle span $49-$58based on filings through 30 Jun 2026 Market Price $54.05Price as of 1 Oct 2026 Near fair valueIntrinsic value is 3% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $968M Enterprise Value $1.1B Shares Outstanding 16.9M diluted Moat Rating Wide Next Earnings Date26 Oct 2026 Last ex-dividend11 Sep 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Kforce Inc. (KFRC) has demonstrated a pivotal operational recovery in Q1 2026, returning to year-over-year revenue growth for the first time since Q4 2022. Driven by its highly specialized focus on technology staffing and solutions (which represents approximately 88% to 92% of its revenue mix), the company is successfully capturing high-value digital transformation demand. Strong execution, expanding bill/pay spreads, and disciplined cost management have driven gross margin expansion and bottom-line outperformance. With Q2 2026 guidance signaling accelerating year-over-year revenue growth and significant operating leverage, Kforce is well-positioned to benefit from a stabilizing professional labor market. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$59.00 Mean target$60.67 High · most bullish analyst$63.00 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 19 Jun 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $38.0020% Persistent macroeconomic uncertainty and a softer professional labor market lead to prolonged delays in corporate IT spending. Direct Hire placements continue to decline, and competitive pricing pressures compress Flex bill/pay spreads, keeping operating margins capped below 4.0%. Base CaseCentral scenario $47.5050% Kforce continues its steady recovery path, supported by stable Technology Flex demand and moderate improvements in Finance & Accounting. Gross margins remain resilient in the 27.5% to 28.0% range due to favorable bill/pay spreads. Operating margins expand sequentially toward the 5.0% to 5.4% guided range in Q2 2026. Bull CaseUpside scenario $55.0030% Accelerating enterprise digital transformation and AI infrastructure deployments drive a sharp rebound in IT staffing demand. Kforce's consultative 'One Kforce' solutions model gains rapid market share, leading to double-digit revenue growth and operating margins exceeding 6.0%. Aggressive share repurchases further boost EPS. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
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Thesis Invalidation Triggers
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |