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Jan 31, 2024
Korn Ferry Q3 2024 Earnings Report
Korn Ferry's Q3 FY24 results saw a decrease in fee revenue but an increase in earnings and profitability.
Key Takeaways
Korn Ferry reported Q3 FY24 fee revenue of $668.7 million, a 2% year-over-year decrease. However, earnings and profitability increased, with Adjusted EBITDA reaching $101.7 million and a margin of 15.2%. Consulting and Digital segments showed resilience, with revenue up 3% and 6% respectively.
Fee revenue was $668.7 million, down 2% year-over-year.
Diluted earnings per share was $1.13, and adjusted diluted earnings per share was $1.07.
Adjusted EBITDA was $101.7 million, with a margin of 15.2%.
Consulting and Digital fee revenue increased by 3% and 6%, respectively.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Korn Ferry expects Q4 FY24 fee revenue to be in the range of $675 million to $695 million, with diluted earnings per share between $1.06 and $1.14, and adjusted diluted earnings per share between $1.09 and $1.17.
Positive Outlook
- Q4 FY’24 fee revenue is expected to be in the range of $675 million and $695 million.
- Q4 FY’24 diluted earnings per share is expected to range between $1.06 to $1.14.
- Q4 FY’24 adjusted diluted earnings per share is expected to be in the range from $1.09 to $1.17.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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