Heidrick & Struggles (HSII) Tops Q3 EPS by 26c, Offers Guidance

Heidrick & Struggles (NASDAQ: HSII) reported Q3 EPS of $1.11, $0.26 better than the analyst estimate of $0.85. Revenue for the quarter came in at $268.3 million versus the consensus estimate of $251.58 million.

GUIDANCE:

Heidrick & Struggles sees Q4 2021 revenue of $255-265 million, versus the consensus of $228.6 million.

• The Company expects 2021 fourth quarter consolidated net revenue of between $255 million and $265 million, while acknowledging that the continued fluidity of the COVID-19 pandemic may impact quarterly results. In addition, this outlook is based on the average currency rates in September 2021 and reflects, among other factors, management's assumptions for the anticipated volume of new Executive Search confirmations, Heidrick Consulting assignments, On-Demand Talent projects and the current backlog, consultant productivity, consultant retention, and the seasonality of its business.

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

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