The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuat ...

Vijaya Kaza and Timothy Carter Newest Appointments to Board of Directors CHICAGO, Sept. 24, 2024 /PRNewswire/ -- Heidrick & Struggles International, Inc. (Nasdaq: HSII), a premier provider of global leadership advisory and on-demand talent solutions, today announced the appointment of Vijaya Kaza and Timothy Carter to its Board of Directors as independent directors, effective immediately. The Company also announced that long-serving board member Lyle Logan will depart, effective September 26. Following thes ...

CHICAGO, Sept. 6, 2024 /PRNewswire/ -- Heidrick & Struggles International, Inc. (Nasdaq: HSII) ("Heidrick & Struggles", "Heidrick" or the "Company"), a premier provider of global leadership advisory and on-demand talent solutions, today announced that Tom Monahan, Chief Executive Officer and Suzanne Rosenberg, Vice President, Investor Relations will attend the Barrington Research Virtual Fall Investment Conference on Thursday, September 12th, participating in investor meetings throughout the day. About Heid ...

Core Insights - Investing in undervalued stocks can yield substantial returns by evaluating fundamental strengths, industry positioning, and growth potential [1] Industry Insights - The insurance sector has shown resilience and growth, providing stability and steady returns due to essential services and financial robustness [2] - The professional services sector, particularly executive search and recruitment, thrives during economic downturns as businesses seek top talent, indicating high profitability and operational efficiency [3] - The regional banking sector presents compelling opportunities, especially for institutions with high net interest margins despite increased costs, showcasing effective management in a rising interest rate environment [4] Company Insights - **NMI Holdings (NMIH)**: Specializes in insurance with a record-high insurance coverage of $203.5 billion, marking a 2.1% sequential growth and a 6.4% annual increase in insurance in force [5][6] - NMI Holdings' credit performance improved with a default rate of 0.76% and a loss ratio of 0.2%, indicating strong financial health [6] - **Heidrick & Struggles International (HSII)**: Focuses on executive search and consulting, reporting an adjusted EBITDA of $28.8 million for Q2 2024, with a margin of 10.3%, impacted by nonrecurring expenses [7][8] - The Executive Search segment maintained a robust adjusted EBITDA of $52.7 million with a margin of 25.1%, reflecting solid performance [8] - **TFS Financial (TFSL)**: Operates in regional banking, reporting a net interest income decrease of $2.1 million, or 3%, for Q3 fiscal 2024, attributed to rising costs of interest-bearing liabilities [9][10] - Despite a slight decline in net interest margin to 1.67%, TFS Financial maintains a high margin, demonstrating resilience in a challenging interest rate environment [10][11]

Core Insights - Heidrick & Struggles reported Q2 results that exceeded Wall Street's revenue and adjusted EPS estimates, with total revenue growth of 2.7% year-on-year to $278.6 million and adjusted EPS of $0.67, despite a slight decline in profitability [1][11] - The company guided for Q3 revenues of $260-280 million, which also exceeds prior estimates, indicating sustained revenue levels [12] - European operations faced a significant revenue decline of 12.0% year-on-year, attributed to a weak macroeconomic environment, but this segment represents only 14.4% of total revenues [4] Financial Performance - Q2 revenue was $278.6 million, surpassing the consensus estimate of $265.7 million, while adjusted EPS was $0.67, exceeding the estimate of $0.56 [11] - Adjusted EBITDA margin decreased by 2.6 percentage points to 10.3%, driven by increased operating costs, including a $5.9 million rise in general and administrative expenses [13] - The On-Demand Talent segment reported a $4.2 million decrease in adjusted EBITDA, leading to a negative earnings figure of -$1.6 million despite a 7.3% constant currency revenue growth [13] Future Guidance - The company expects Q3 revenues to be in the range of $260-280 million, with a conservative approach to guidance, suggesting potential for higher actual revenues [12] - Growth estimates for 2024 have been slightly increased to 3.5%, with a total revenue CAGR estimate of 2.9% from 2023 to 2033 [6] Valuation Insights - The fair value estimate for Heidrick & Struggles is now $50.13, representing a 39% upside from the current stock price, although the margin of undervaluation has become more modest [7] - The weighted average cost of capital (WACC) has decreased to 9.61%, down from 10.49%, reflecting a more favorable cost of equity calculation [8] Management Changes - The company announced the departure of CFO Mark Harris, who will leave in August to pursue other opportunities, with no new CFO announced yet [5]

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Heidrick & Struggles, which belongs to the Zacks Staffing Firms industry, posted revenues of $278.63 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 4.87%. This compares to year-ago re ...

Commission File Number: 0-25837 Large accelerated filer ¨ Accelerated filer ☒ As of July 26, 2024, there were 20,317,376 shares of the Company's common stock outstanding. FORM 10-Q OR HEIDRICK & STRUGGLES INTERNATIONAL, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 36-2681268 (State or Other Jurisdiction of Incorporation or Organization)(I.R.S. Employer Identification Number) 233 South Wacker Drive-Suite 4900 Chicago, Illinois 60606-6303 (Address of Principal Executive Offices) UNITED ...

Adjusted EBITDA was $28.8 million compared to $34.9 million in the 2023 second quarter. Adjusted EBITDA margin was 10.3%, compared to 12.9% in the 2023 second quarter. In Executive Search, Adjusted EBITDA was $52.7 million compared to $53.2 million in the prior year period. In On-Demand Talent, Adjusted EBITDA was a loss of $1.6 million versus a gain of $2.6 million in the prior year period. In Heidrick Consulting, Adjusted EBITDA was a loss of $1.4 million compared to a loss of $1.7 million in the prior ye ...

Delivers Strong Revenue Performance with Robust Profitability Declares $0.15 Per Share Cash Dividend Second Quarter Highlights: "Our team delivered a strong second quarter. In a very complex operating environment, clients continue to need help engaging, assessing and enabling critical leadership talent – and our world-class colleagues met those needs with energy and creativity. This work helped propel our second quarter revenue beyond the high end of our outlook range while generating a double-digit EBITDA ...

Financial Outlook - The company reaffirmed its outlook for consolidated net revenue for the second quarter ending June 30, 2024 [12] Executive Changes - Mark Harris, the Chief Financial Officer, will resign effective August 16, 2024, with an executive search process underway for his successor [9] - The company issued a press release on June 17, 2024, announcing the departure of Mark Harris [10] - The press release is attached as Exhibit 99.1 and incorporated by reference into the report [10] Company Information - The company's common stock is traded on The Nasdaq Stock Market LLC under the symbol "HSII" [8] - The company is incorporated in Delaware with the IRS Employer Identification Number 36-2681268 [7] - The company's principal executive offices are located at 233 South Wacker Drive, Suite 4900, Chicago, Illinois 60606-6303 [2] - The company is not classified as an emerging growth company [4] Regulatory and Reporting - The report includes an Interactive Data File formatted in Inline XBRL as Exhibit 104 [11] - The information disclosed in the report is not deemed "filed" under the Securities Exchange Act of 1934 [1][10]