Heidrick & Struggles (HSII) Misses Q1 EPS by 18c

Heidrick & Struggles (NASDAQ: HSII) reported Q1 EPS of $0.03, $0.18 worse than the analyst estimate of $0.21. Revenue for the quarter came in at $140 million versus the consensus estimate of $144.97 million.

GUIDANCE:

Heidrick & Struggles sees Q2 2017 revenue of $153-163 million, versus the consensus of $160.85 million.

2017 Second Quarter Outlook

The company is forecasting second quarter 2017 consolidated net revenue of between $153 million and $163 million. This forecast is based on the average currency rates in March 2017 and reflects, among other factors, management\'s assumptions for the anticipated volume of new Executive Search confirmations, Leadership Consulting assignments and Culture Shaping services, the current backlog, consultant productivity, consultant retention, and the seasonality of its business.

Rajagopalan added, "Heidrick\'s brand, influence and position in the global marketplace have never been stronger. Leveraging our current platform, we intend to expand our impact in Executive Search and to strengthen and grow our Leadership Consulting and Culture Shaping service offerings."

For earnings history and earnings-related data on Heidrick & Struggles (HSII) click here.

You May Also Be Interested In

• Primoris cuts 2026 outlook on renewables cost overruns, COO exits
• AeroVironment restates quarterly financials, citing $89M goodwill error
• C.H. Robinson acquires DeSpir Logistics for $75 million