Korn/Ferry International (KFY) Tops Q3 EPS by 12c, Beats on Revenues; Offers 4Q Outlook Above Consensus

Korn/Ferry International (NYSE: KFY) reported Q3 EPS of $0.70, $0.12 better than the analyst estimate of $0.58. Revenue for the quarter came in at $460.8 million versus the consensus estimate of $414.54 million.

Assuming worldwide economic conditions, financial markets and foreign exchange rates remain steady on a consolidated basis:

• Q4 FY'18 fee revenue is expected to be in the range of $448 million and $462 million; and
• Q4 FY'18 diluted earnings per share is likely to range between $0.66 to $0.70.

On a consolidated adjusted basis:

• Q4 FY'18 adjusted diluted earnings per share is expected to be in the range from $0.69 to $0.73.

GUIDANCE:

Korn/Ferry International sees Q4 2018 EPS of $0.69-$0.73, versus the consensus of $0.67. Korn/Ferry International sees Q4 2018 revenue of $448-462 million, versus the consensus of $432.87 million.

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

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