Korn Ferry reports results for the quarter ended in January - Earnings Summary

Korn Ferry

06/03/2024 14:41

* Korn Ferry  KFY.N  reported quarterly adjusted earnings of
$1.07​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of
$1.01.  The mean expectation of five analysts for the quarter
was for earnings of 99 cents per share. Wall Street expected
results to range from 99 cents to $1.00 per share.
    * Revenue fell 1.8% to $668.68 million from a year ago;
analysts
expected $659.49 million. 
    * Korn Ferry's reported EPS for the quarter was $1.13​.
    * The company reported quarterly net income of $59.07
million.
    * Korn Ferry shares had risen by 7.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the employment
services
peer group is also "buy"

Wall Street's median 12-month price target for Korn Ferry is
$64.50 
This summary was machine generated from LSEG data March 6 at
02:40 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 31 2024      0.99           1.07           Beat
 Oct. 31 2023      0.95           0.97           Beat
 Jul. 31 2023      0.91           0.99           Beat
 Apr. 30 2023      1.01           1.01           Met