Korn Ferry Q3 Adj. EPS $1.07 Beats $0.99 Estimate, Sales $676.87M Beat $658.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Korn Ferry (NYSE:KFY) exceeded Q3 earnings and sales estimates with an EPS of $1.07, beating the $0.99 forecast, and reported sales of $676.87M, surpassing the $658.50M estimate. This represents a 5.94% increase in EPS and a 1.45% decrease in sales from the same period last year.
March 06, 2024 | 11:52 am
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Korn Ferry reported a strong Q3 with EPS of $1.07, surpassing the $0.99 estimate, and sales of $676.87M, exceeding the $658.50M forecast. This indicates a 5.94% increase in EPS and a slight 1.45% decrease in sales year-over-year.
Korn Ferry's earnings and sales beat are significant indicators of the company's strong performance, especially in a challenging economic environment. The EPS beat by 8.08% and sales beat by 2.79% compared to analyst estimates are likely to positively influence investor sentiment and potentially lead to a short-term uptick in KFY's stock price. Despite a slight year-over-year decrease in sales, the overall positive earnings report is expected to outweigh this factor in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100