Heidrick & Struggles (NASDAQ: HSII) reported Q1 EPS of $0.53, $0.21 better than the analyst estimate of $0.32. Revenue for the quarter came in at $164.7 million versus the consensus estimate of $155.61 million.

2018 Outlook The company is forecasting 2018 second quarter consolidated net revenue of between $160 million and $170 million. This forecast is based on the average currency rates in March 2018 and reflects, among other factors, management\'s assumptions for the anticipated volume of new Executive Search confirmations, Heidrick Consulting assignments, the current backlog, consultant productivity, consultant retention, and the seasonality of its business.

Rajagopalan added, "Our outlook for the market demand for executive search and leadership advisory services remains positive. The strategic actions that we took at the end of 2017 are enabling us to execute our plan to drive profitable growth and operating excellence. Our digital transformation – driving and leveraging our propriety IP-based solutions and data—will continue to distinguish Heidrick & Struggles in the market."

GUIDANCE:

Heidrick & Struggles sees Q2 2018 revenue of $160-170 million, versus the consensus of $155.61 million.

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