Korn Ferry expected to post earnings of $1.12 a share - Earnings Preview

Reuters09-03

* Korn Ferry is expected to show a fall in quarterly revenue when it reports results on September 5 for the period ending July 31 2024

* The Los Angeles California-based company is expected to report a 5.0% decrease in revenue to $663.937 million from $699.19 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data.The company's guidance on June 13 2024, for the period ended July 31, was for revenue between $655.00 million and $675.00 million.

* ​LSEG's mean analyst estimate for Korn Ferry is for earnings of $1.12 per share.

* 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 mean earnings estimate of analysts had fallen by about 0.2% in the last three months. ​

* Wall Street's median 12-month price target for Korn Ferry is $78.50​, above​ its last closing price of $73.05. ​​​

The company's guidance on June 13 2024 for the period ended July 31 was for Earnings before Interest, Taxes, Depreciation and Amortization of between USD655 million and USD109.35 million. Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Apr. 30 2024 1.13 1.12 1.26 Beat 12.1

Jan. 31 2024 0.99 0.99 1.07 Beat 7.6

Oct. 31 2023 0.96 0.95 0.97 Beat 1.7​

Jul. 31 2023 0.91 0.91 0.99 Beat 8.3

​​Apr. 1.01 1.01 1.01 Met 0.2

30 2023

Jan. 31 2023 0.92 0.91 1.01 Beat 10.7​

Oct. 31 2022 1.42 1.41 1.43 Beat 1.1

Jul. 31 2022 1.51 1.51 1.50 Missed -0.7

This summary was machine generated September 3 at 13:26 GMT. 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)

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