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Korn/Ferry (KFY) Meets Q2 Earnings Estimates
KFYKorn Ferry(KFY) ZACKS·2024-12-05 13:55

Core Viewpoint - Korn/Ferry reported quarterly earnings of 1.21pershare,matchingtheZacksConsensusEstimate,andshowinganincreasefrom1.21 per share, matching the Zacks Consensus Estimate, and showing an increase from 0.97 per share a year ago [1]. Group 1: Earnings Performance - The company has surpassed consensus EPS estimates three times over the last four quarters [2]. - Korn/Ferry's revenues for the quarter ended October 2024 were 674.37million,exceedingtheZacksConsensusEstimateby0.50674.37 million, exceeding the Zacks Consensus Estimate by 0.50%, but down from 704 million year-over-year [2]. - The current consensus EPS estimate for the upcoming quarter is 1.16,withexpectedrevenuesof1.16, with expected revenues of 670.5 million, and for the current fiscal year, the estimate is 4.84on4.84 on 2.72 billion in revenues [8]. Group 2: Stock Performance - Korn/Ferry shares have increased approximately 32.5% since the beginning of the year, outperforming the S&P 500's gain of 27.6% [4]. - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [7]. Group 3: Industry Outlook - The Staffing Firms industry is currently ranked in the bottom 47% of over 250 Zacks industries, suggesting potential challenges for stock performance [9]. - Resources Connection, another company in the same industry, is expected to report a break-even quarterly EPS, reflecting a year-over-year change of -100% [10].