Recap: Korn Ferry Q3 Earnings

Korn Ferry KFY reported its Q3 earnings results on Wednesday, March 9, 2022 at 06:45 AM.

Here's what investors need to know about the announcement.

Korn Ferry beat estimated earnings by 7.43%, reporting an EPS of $1.59 versus an estimate of $1.48.

Revenue was up $207.08 million from the same period last year.

Last quarter the company beat on EPS by $0.16 which was followed by a 0.25% increase in the share price the next day.

Here's a look at Korn Ferry's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	1.37	1.07	0.98	0.50
EPS Actual	1.53	1.37	1.21	0.95
Revenue Estimate	604.66M	540.51M	488.48M	424.25M
Revenue Actual	643.40M	588.10M	557.39M	477.88M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Korn Ferry management provided guidance for their next quarter, expecting earnings between $1.49 and $1.63 per share for the next quarter.

This represents a -1.89% in quarter-over-quarter growth for Korn Ferry, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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