Korn Ferry Q4: 1.5% Revenue Growth, New Technology Investments, Dividend Hike, Street-Missing Q1 Forecast & More
Portfolio Pulse from Nabaparna Bhattacharya
Korn Ferry reported Q4 FY23 revenue growth of 1.5% YoY to $738.12 million, beating consensus estimates. Adjusted EPS of $1.01 was in line with estimates. The company announced a 20% dividend hike and plans to invest in Generative AI technologies. However, KFY provided a lower-than-expected Q1 adjusted EPS outlook of $0.84-$1.00, compared to the consensus of $1.02.
June 27, 2023 | 3:50 pm
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Korn Ferry's Q4 revenue beat estimates and announced a dividend hike, but provided a lower-than-expected Q1 adjusted EPS outlook.
Korn Ferry's Q4 revenue beat and dividend hike are positive news for the stock. However, the lower-than-expected Q1 adjusted EPS outlook may cause short-term negative sentiment among investors, potentially leading to a decline in the stock price.
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