Kelly Services (Nasdaq: KELY.A) reported earnings on Aug. 8. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended July 1 (Q2), Kelly Services missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share dropped significantly.

Gross margins improved, operating margins expanded, net margins dropped.

Revenue details
 Kelly Services logged revenue of $1.37 billion. The three analysts polled by S&P Capital IQ looked for net sales of $1.43 billion on the same basis. GAAP reported sales were 2.8% lower than the prior-year quarter's $1.41 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.34. The six earnings estimates compiled by S&P Capital IQ predicted $0.33 per share. GAAP EPS of $0.40 for Q2 were 20% lower than the prior-year quarter's $0.50 per share. (The prior-year quarter included -$0.03 per share in earnings from discontinued operations.)

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 16.3%, 30 basis points better than the prior-year quarter. Operating margin was 1.7%, 30 basis points better than the prior-year quarter. Net margin was 1.1%, 20 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $1.42 billion. On the bottom line, the average EPS estimate is $0.41.

Next year's average estimate for revenue is $5.60 billion. The average EPS estimate is $1.38.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kelly Services is outperform, with an average price target of $21.00.