CORRECTION: Heidrick & Struggles Intl Q2 EPS $0.73 Beats $0.69 Estimate, Sales $271.23M Beat $265.26M Estimate
Portfolio Pulse from mahesh@benzinga.com
Heidrick & Struggles Intl (NASDAQ:HSII) reported Q2 earnings of $0.73 per share, beating the analyst consensus estimate of $0.69 by 5.8%. However, this is a 38.66% decrease from the same period last year. The company also reported quarterly sales of $271.23 million, beating the estimate of $265.26 million by 2.25%, but this is a 9.20% decrease from the same period last year.
July 31, 2023 | 9:13 pm
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NEUTRAL IMPACT
HSII's Q2 earnings and sales beat estimates, but both are down from last year. This mixed result could lead to uncertain market reactions.
HSII's earnings and sales beat estimates, which is generally positive for the stock. However, the year-on-year decrease in both earnings and sales could be a concern for investors, potentially offsetting the positive impact of beating estimates.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100