Korn/Ferry International (KFY) Tops Q1 EPS by 7c, Revenues Beat; Offers 2Q EPS/Revenues Outlook

Korn/Ferry International (NYSE: KFY) reported Q1 EPS of $0.78, $0.07 better than the analyst estimate of $0.71. Revenue for the quarter came in at $478.4 million versus the consensus estimate of $459.37 million.

"I am pleased to report fee revenue of approximately $466 million and strong profits, with Adjusted EBITDA of approximately $71 million during our recently completed first quarter. Overall, our revenues are up 16% year over year, with balanced growth across the firm," said Gary D. Burnison, CEO of Korn Ferry. "As disclosed last quarter, we are sunsetting our legacy logos and migrating to one unified brand – Korn Ferry. Over the next 15 months, we will continue to move our organization towards an industry, solution and geographic orientation to capture the substantial opportunity we have as an organizational consulting firm."

GUIDANCE:

Korn/Ferry International sees Q2 2019 EPS of $0.73-$0.81, versus the consensus of $0.80. Korn/Ferry International sees Q2 2019 revenue of $470-490 million, versus the consensus of $476.66 million.

For earnings history and earnings-related data on Korn/Ferry International (KFY) click here.

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