Organizational consulting firm Korn Ferry (NYSE: KFY) will be reporting results this Wednesday morning. Here’s what to look for.
Korn Ferry beat analysts’ revenue expectations last quarter, reporting revenues of $768.3 million, up 6.7% 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 for active Edge members.
This quarter, the market is expecting Korn Ferry’s revenue to grow 4.4% year on year, in line with the 4.8% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Korn Ferry rarely misses Wall Street’s revenue estimates.
Looking at Korn Ferry’s peers in the professional staffing & hr solutions segment, some have already reported their Q2 results, giving us a hint as to what we can expect. First Advantage delivered year-on-year revenue growth of 14.9%, beating analysts’ expectations by 8.2%, and Kforce reported revenues up 4.5%, in line with consensus estimates. First Advantage traded up 16.8% following the results while Kforce’s stock price was unchanged.
Read our full analysis of First Advantage’s results here and Kforce’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 up 2% during the same time and is heading into earnings with an average analyst price target of $86 (compared to the current share price of $84.15).
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