* Korn Ferry reported quarterly adjusted earnings of $1.18 per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of 99 cents. The mean expectation of five analysts for the quarter was for earnings of $1.12 per share. Wall Street expected results to range from $1.09 to $1.14 per share.
* Revenue fell 3.5% to $674.95 million from a year ago; analysts expected $663.94 million.
* Korn Ferry's reported EPS for the quarter was $1.17.
* The company reported quarterly net income of $62.6 million.
* Korn Ferry shares had risen by 6.2% this quarter and gained 20.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 5.1% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
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 78.50 This summary was machine generated from LSEG data September 5 at 01:31 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
Jul. 31 2024 1.12 1.18 Beat
Apr. 30 2024 1.12 1.26 Beat
Jan. 31 2024 0.99 1.07 Beat
Oct. 31 2023 0.95 0.97 Beat
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