Heidrick & Struggles (NASDAQ: HSII) reported Q4 EPS of $0.59, $0.28 better than the analyst estimate of $0.31. Revenue for the quarter came in at $161 million versus the consensus estimate of $146.19 million.

GUIDANCE:

Heidrick & Struggles sees Q1 2021 revenue of $160-170 million, versus the consensus of $142.1 million.

• The Company expects 2021 first quarter consolidated net revenue of between $160 million and $170 million, while acknowledging the continued fluidity of the COVID-19 pandemic that will continue to impact quarterly results. In addition, this outlook is based on the average currency rates in December 2020 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.

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