Korn Ferry Q1 Adj. EPS $0.99 Beats $0.91 Estimate, Sales $706.30M Beat $684.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
Korn Ferry reported Q1 adjusted earnings of $0.99 per share, beating the analyst consensus estimate of $0.91 by 8.79%. However, this is a 34% decrease from the same period last year. The company also reported quarterly sales of $706.30 million, beating the analyst consensus estimate of $684.93 million by 3.12%, a slight increase from last year.
September 07, 2023 | 10:47 am
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Korn Ferry's Q1 earnings beat estimates but are down 34% YoY. Sales also beat estimates and are slightly up YoY.
While Korn Ferry beat earnings and sales estimates, the YoY decrease in earnings could be a concern for investors. The slight increase in sales YoY is a positive sign, but it's unclear how the market will react to these mixed results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100