Stock Analysis

Korn Ferry Second Quarter 2023 Earnings: Revenues Beat Expectations, EPS In Line

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Korn Ferry (NYSE:KFY) Second Quarter 2023 Results

Key Financial Results

  • Revenue: US$735.7m (up 15% from 2Q 2022).
  • Net income: US$73.5m (flat on 2Q 2022).
  • Profit margin: 10.0% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses.
  • EPS: US$1.42.
NYSE:KFY Earnings and Revenue History December 9th 2022

All figures shown in the chart above are for the trailing 12 month (TTM) period

Korn Ferry Revenues Beat Expectations

Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are down 10% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Korn Ferry has 1 warning sign we think you should be aware of.

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