Korn Ferry (NYSE:KFY) reported its Q3 earnings results on Wednesday, March 9, 2022 at 06:45 AM.
Here's what investors need to know about the announcement.
Earnings
Korn Ferry beat estimated earnings by 7.43%, reporting an EPS of $1.59 versus an estimate of $1.48.
Revenue was up $207.08 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.16 which was followed by a 0.25% increase in the share price the next day.
Here's a look at Korn Ferry's past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.37 | 1.07 | 0.98 | 0.50 |
| EPS Actual | 1.53 | 1.37 | 1.21 | 0.95 |
| Revenue Estimate | 604.66M | 540.51M | 488.48M | 424.25M |
| Revenue Actual | 643.40M | 588.10M | 557.39M | 477.88M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Korn Ferry management provided guidance for their next quarter, expecting earnings between $1.49 and $1.63 per share for the next quarter.
This represents a -1.89% in quarter-over-quarter growth for Korn Ferry, a bearish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
