Heidrick & Struggles International Sees Q3 Revenue $245M-$265M Vs $248.43M Est.
Portfolio Pulse from Happy Mohamed
Heidrick & Struggles International expects Q3 2023 consolidated net revenue of between $245 million and $265 million, reflecting typical summer seasonality and potential impacts from external factors such as foreign exchange and interest rate environments, foreign conflicts, inflation, and macroeconomic constraints on pricing actions. The outlook is based on average currency rates in June 2023 and factors in anticipated volume of new Executive Search confirmations, On-Demand Talent projects, and Heidrick Consulting assignments, consultant productivity, consultant retention, and the seasonality of the business along with the current backlog.

July 31, 2023 | 8:44 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Heidrick & Struggles International's Q3 2023 revenue outlook of $245M-$265M reflects potential impacts from various external factors. This could influence investor sentiment and the company's stock performance.
The company's revenue outlook is a key factor that investors consider when making investment decisions. The projected range of $245M-$265M, while acknowledging potential impacts from various external factors, could influence investor sentiment and the company's stock performance. However, the exact impact will depend on how these factors evolve and their actual impact on the company's performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100