Korn/Ferry (KFY) Surpasses Q4 Earnings and Revenue Estimates

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]