Dec. 3 at 9:53 PM
$KFY Heads up alert! Only two days until Upcoming earnings on Thursday, 12/5/2024 for
$KFY
Neutral (5.5)
In analyzing the recent performance and outlook for Korn/Ferry (KFY), several key metrics come into play that highlight the company’s current valuation and future prospects.
Korn/Ferry's stock has recently seen a notable uptick of 12%, indicating market optimism despite industry challenges.
The company's P/E ratio is currently around 15, which is slightly below the industry average of 17, suggesting that the stock may be undervalued relative to its peers.
Furthermore, the projected earnings per share (EPS) growth for the next year is estimated at 10%, which aligns with the overall positive outlook within the staffing sector as companies adapt to remote work dynamics.
Revenue forecasts project a modest increase, driven by consistent service demand that has been bolstered by the recent acquisition of Trilogy International, which could enhance Korn/Ferry’s market share and service offerings.
Korn/Ferry’s financial health appears stable, with a strong balance sheet and cash flow metrics supporting its operational capabilities.
In comparison to its closest competitors, such as Heidrick & Struggles (HSII), which recently exceeded earnings estimates, Korn/Ferry is positioned to capitalize on the ongoing shifts in the employment landscape.
Analysts have noted that the firm’s strategic moves within the organizational consulting space could lead to enhanced profitability and shareholder value in the long term.
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Looking ahead, Korn/Ferry is set to release its second quarter financial results on December 5, 2024, with analysts keenly anticipating the firm’s performance metrics.
Historical performance has shown Korn/Ferry to be resilient, often meeting or exceeding analyst expectations.
The consensus estimates for the upcoming earnings report suggest a revenue figure of approximately
$600 million, with an EPS of around
$1.20.
These figures reflect a cautious but optimistic outlook, considering the broader economic conditions impacting the staffing industry.
The market will be watching closely to see if Korn/Ferry can replicate the recent success of its competitors and provide positive guidance for future quarters, which could potentially lead to increased investor confidence and a higher stock valuation.
- Funds were net buyers of
$KFY during the previous reporting quarter.
- Here are some of the funds with a sizable holdings (as of Q4 of 2024) for
$KFY:
* Jennison Associates LLC
$74MM. CGMFundRank: 86%
* Value Holdings Management Company LLC
$4MM. CGMFundRank: 84%
* Kerrisdale Advisers LLC
$3MM. CGMFundRank: 68%, Fund Website: www.kerrisdalecap.com
* Arga Investment Management LP
$2MM. CGMFundRank: 89%, Fund Website: https://www.argainvest.com/
- Last 10 days performance: 1%
- Last 30 days performance: 11%
- Last 90 days performance: 11%
Some most recent news articles for
$KFY:
Unveiling Korn/Ferry (KFY) Q2 Outlook: Wall Street Estimates for Key Metrics
https://finance.yahoo.com/news/unveiling-korn-ferry-kfy-q2-182948517.html?.tsrc=rss
Korn Ferry to Report Quarterly Earnings via Live Webcast on December 5, 2024
https://finance.yahoo.com/news/korn-ferry-report-quarterly-earnings-110000183.html?.tsrc=rss
Zacks Industry Outlook Highlights Korn Ferry, Heidrick & Struggles and RCM
https://finance.yahoo.com/news/zacks-industry-outlook-highlights-korn-100000150.html?.tsrc=rss
3 Staffing Stocks to Consider for Your Portfolios Despite Industry Challenges
https://finance.yahoo.com/news/3-staffing-stocks-consider-portfolios-144100786.html?.tsrc=rss
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