Korn Ferry (KFY) Q4 Earnings Report Preview: What To Look For

StockStory
03-10
Korn Ferry (KFY) Q4 Earnings Report Preview: What To Look For

Organizational consulting firm Korn Ferry (NYSE:KFY) will be announcing earnings results tomorrow before the bell. Here’s what investors should know.

Korn Ferry missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $682 million, down 4.3% year on year. It was a slower quarter for the company, with a miss of analysts’ EPS guidance for next quarter estimates.

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 decline 2.8% year on year to $658.1 million, a further deceleration from the 1.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.13 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 2.1% on average.

With Korn Ferry being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for professional services stocks. However, the segment has faced declining investor sentiment as Korn Ferry’s peer group is down 10.1% on average over the last month. Korn Ferry is down 3.7% during the same time and is heading into earnings with an average analyst price target of $81.50 (compared to the current share price of $65.18).

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