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Market Overview

Earnings Outlook For Korn Ferry

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Korn Ferry (NYSE: KFY) announces its next round of earnings this Monday, November 23. Here is Benzinga's everything-that-matters guide for this Monday's Q2 earnings announcement.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Wall Street analysts see Korn Ferry reporting earnings of $0.05 per share on sales of $378.94 million. In the same quarter last year, Korn Ferry announced EPS of $0.81 on revenue of $492.39 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to match the consensus estimate when it reports Monday, EPS would have fallen 93.83%. Sales would be down 23.04% on a year-over-year basis. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:

Quarter Q1 2020 Q4 2020 Q3 2020 Q2 2019
EPS Estimate 0.08 0.39 0.73 0.80
EPS Actual -0.19 0.60 0.75 0.81
Revenue Estimate 361.98 M 439.48 M 500.28 M 494.92 M
Revenue Actual 346.88 M 448.98 M 527.98 M 492.39 M

Stock Performance

Shares of Korn Ferry were trading at $38.7 as of November 19. Over the last 52-week period, shares are up 0.29%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Korn Ferry is scheduled to hold the call at 12:00:00 ET and can be accessed here.

 

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Posted-In: Earnings