Korn Ferry (KFY) Reports Q1: Everything You Need To Know Ahead Of Earnings

Organizational consulting firm Korn Ferry (NYSE:KFY) will be reporting earnings this Tuesday before the bell. Here’s what to expect.

Korn Ferry beat analysts’ revenue expectations last quarter, reporting revenues of $725 million, up 7.2% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ EPS estimates but revenue guidance for next quarter slightly missing analysts’ expectations.

Is Korn Ferry a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Korn Ferry’s revenue to grow 4.9% year on year, improving from the 2.8% increase it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Korn Ferry rarely misses Wall Street’s revenue estimates.

Looking at Korn Ferry’s peers in the professional services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Planet Labs delivered year-on-year revenue growth of 42.1%, beating analysts’ expectations by 4.3%, and SAIC reported revenues up 1.5%, topping estimates by 4.1%. Planet Labs traded down 26% following the results while SAIC was up 8.8%.

Read our full analysis of Planet Labs’s results here and SAIC’s results here.

Investors in the professional services segment have had steady hands going into earnings, with share prices flat over the last month. Korn Ferry is up 3.9% during the same time and is heading into earnings with an average analyst price target of $79.25 (compared to the current share price of $71.46).

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