Korn Ferry Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

December 07, 2023

Korn Ferry (NYSE:KFY) Second Quarter 2024 Results

Key Financial Results

Revenue: US$712.4m (down 2.1% from 2Q 2023).
Net loss: US$1.71m (down by 102% from US$71.9m profit in 2Q 2023).
US$0.033 loss per share (down from US$1.39 profit in 2Q 2023).

earnings-and-revenue-growth — NYSE:KFY Earnings and Revenue Growth December 7th 2023

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

Korn Ferry Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Korn Ferry that you should be aware of.

Valuation is complex, but we're here to simplify it.

Discover if Korn Ferry might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.