Organizational consulting firm Korn Ferry (NYSE: KFY) will be reporting results this Wednesday morning. Here’s what to expect.
Korn Ferry beat analysts’ revenue expectations by 2.8% last quarter, reporting revenues of $676.5 million, flat year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ EPS guidance for next quarter estimates but revenue guidance for next quarter slightly missing analysts’ expectations.
Is Korn Ferry a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Korn Ferry’s revenue to be flat year on year at $699 million, improving from the 5.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.26 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Korn Ferry has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.2% on average.
Looking at Korn Ferry’s peers in the professional staffing & hr solutions segment, some have already reported their Q1 results, giving us a hint as to what we can expect. First Advantage delivered year-on-year revenue growth of 109%, beating analysts’ expectations by 2.9%, and Barrett reported revenues up 10.1%, topping estimates by 2.3%. First Advantage traded up 17.9% following the results while Barrett’s stock price was unchanged.
Read our full analysis of First Advantage’s results here and Barrett’s results here.
Investors in the professional staffing & hr solutions segment have had steady hands going into earnings, with share prices flat over the last month. Korn Ferry is down 1.3% during the same time and is heading into earnings with an average analyst price target of $78.50 (compared to the current share price of $67.81).
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