Core Insights - Korn/Ferry reported quarterly earnings of $1.26 per share, exceeding the Zacks Consensus Estimate of $1.13 per share, and showing an increase from $1.01 per share a year ago [10] - The company achieved revenues of $690.8 million for the quarter ended April 2024, surpassing the Zacks Consensus Estimate by 0.77%, although this represents a decline from year-ago revenues of $730.87 million [8] - The current consensus EPS estimate for the upcoming quarter is $1.07 on revenues of $682.76 million, and for the current fiscal year, it is $4.72 on revenues of $2.83 billion [7] Company Performance - Korn/Ferry has surpassed consensus EPS estimates in all four of the last quarters [5] - The stock has added approximately 6.8% since the beginning of the year, compared to the S&P 500's gain of 13.7% [11] - The company is currently ranked 3 (Hold) by Zacks, indicating expected performance in line with the market in the near future [12] Industry Context - The Staffing Firms industry, to which Korn/Ferry belongs, is currently in the bottom 25% of the Zacks Industry Rank, which may negatively impact stock performance [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors should monitor these revisions closely [3]

Exhibit 99.1 FOR IMMEDIATE RELEASE Contacts: Investor Relations: Tiffany Louder, (214) 310-8407 Media: Dan Gugler, (310) 226-2645 Korn Ferry Announces Fourth Quarter and Full Year FY'24 Results of Operations Fourth Quarter and Full Year Highlights Los Angeles, CA, June 13, 2024 – Korn Ferry (NYSE: KFY), a global organizational consulting firm, today announced fourth quarter and annual fee revenue of $690.8 million and $2,762.7 million, respectively. In addition, fourth quarter diluted earnings per share was ...

Core Insights - Korn/Ferry (KFY) is expected to report quarterly earnings of $1.13 per share, an increase of 11.9% year-over-year, while revenues are forecasted at $685.5 million, reflecting a decrease of 6.2% compared to the previous year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a collective reevaluation by analysts [1] Revenue Estimates - Total executive search fee revenue is projected to be $199.91 million, showing a year-over-year decline of 6% [3] - Overall fee revenue is estimated to reach $685.50 million, indicating a 6.2% decrease year-over-year [4] - Consulting fee revenue is expected to be $177.82 million, reflecting a year-over-year increase of 1.5% [6] - Digital fee revenue is forecasted at $95.41 million, representing a 4.3% increase from the prior-year quarter [7] - RPO and Professional Search fee revenue is anticipated to be $212.38 million, indicating a significant decline of 15.6% from the year-ago quarter [8] Market Performance - Over the past month, Korn/Ferry shares have returned -1.9%, contrasting with the Zacks S&P 500 composite's increase of +3.3% [7] - Korn/Ferry currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [7]

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fun ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 12th:Li Auto Inc. (LI) : This China-based new energy vehicles company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.7% over the last 60 days.Li Auto’s shares gained 22.1% over the past month compared with the S&P 500’s advance of 3%. The company possesses a Momentum Score  of A.Sumitomo Mitsui Financial Group, Inc. (SMFG) : This company th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ___________ Commission File Number 001-14505 KORN FERRY (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of ...

Financial Performance - FY'24 Q3 - Korn Ferry's Fee Revenue reached $669 million, a decrease of 2% year-over-year[15] - Adjusted EBITDA stood at $102 million, reflecting a 6% increase year-over-year[15] - Adjusted EBITDA Margin was 15.2%[15] - Adjusted Diluted EPS increased by 6% year-over-year to $1.07[15] Business Segment Performance - FY'24 Q3 - Consulting Fee Revenue was $167 million, a 3% increase year-over-year[44] - Digital Fee Revenue was $90 million, a 6% increase year-over-year[46] - Executive Search Fee Revenue was $199 million, a 6% decrease year-over-year[48] - Recruitment Process Outsourcing (RPO) Fee Revenue was $81 million, a 22% decrease year-over-year[58] - Professional Search & Interim Fee Revenue was $130.9 million, an 11% increase year-over-year[50, 81] Capital Allocation - The company deployed $122 million of cash year-to-date in FY'24 Q3, including $37 million in CAPEX, $18 million in debt service, and $67 million returned to shareholders through dividends and share repurchases[61] - Investable Cash stood at $496 million[62]

Korn/Ferry (KFY) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The pow ...

For the quarter ended January 2024, Korn/Ferry (KFY) reported revenue of $668.68 million, down 1.8% over the same period last year. EPS came in at $1.07, compared to $1.01 in the year-ago quarter.The reported revenue represents a surprise of +2.07% over the Zacks Consensus Estimate of $655.1 million. With the consensus EPS estimate being $0.99, the EPS surprise was +8.08%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...

Korn/Ferry (KFY) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $1.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.08%. A quarter ago, it was expected that this staffing company would post earnings of $0.96 per share when it actually produced earnings of $0.97, delivering a surprise of 1.04%.Over the last four quarters, the company ...