Korn Ferry (NYSE:KFY) is set to announce first quarter earning results on Thursday 3rd September 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, KFY to report 1Q21 income of $ 0.08 per share from revenue of $ 361.98 million.
For the full year, analysts anticipate top line of $ 1600.85 million, while looking forward to income of $ 1.11 per share bottom line.
Previous Quarter Performance
Korn Ferry outlined income for the fourth quarter of $ 0.60 per share, from the revenue of $ 448.98 million. The quarterly earnings decreased 31.82 percent while revenues contracted 8.51 percent compared with the same quarter last year.
According to street consensus, KFY was expected to report 4Q20 income of $ 0.39 per share from revenue of $ 436.38 million. The bottom line results beat street analysts by $ 0.21 or 53.85 percent, at the same time, top line results outshined analysts by $ 12.60 million or 2.89 percent.
Stock Performance
Shares of Korn Ferry traded up $ 0.41 or 1.34 percent on Wednesday, reaching $ 30.90 with volume of 157.20 thousand shares. The stock opened down for the day at $ 30.31, after closing the previous day trading at $ 30.49.
According to the previous trading day, closing price of $ 30.49, representing a 42.14 % increase from the 52 week low of $ 21.45 and a 30.69 % decrease over the 52 week high of $ 43.99.
The company has a market capital of $ 1.74 billion and is part of the Industrials sector and Staffing & Outsourcing Services industry.
Recent Analyst recommendations
- On 16th July 2020, upgraded by Sidoti to Buy from Neutral rating, with $ 43.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.10 per share on July 1, 2020. The dividend were payable on July 31, 2020 to holders of record as of the close of business on July 15, 2020 and ex-dividend date on July 14, 2020.
Conference Call
Korn Ferry will be hosting a conference call at 12:00 PM eastern time on 3rd September 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/xfhsgx8u
Korn Ferry, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Advisory, and RPO (Recruitment Process Outsourcing) & Professional Search. The company provides executive search services to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the industrial, financial services, life sciences/healthcare provider, consumer, technology, and educational/not-for-profit market sectors.
