Heidrick & Struggles (NASDAQ: HSII) reported Q1 EPS of $0.90, $0.08 worse than the analyst estimate of $0.98. Revenue for the quarter came in at $283.9 million versus the consensus estimate of $275.55 million.

GUIDANCE:

Heidrick & Struggles sees Q2 2022 revenue of $290-300 million, versus the consensus of $260 million.

• The Company expects 2022 second quarter consolidated net revenue of between $290 million and $300 million, while acknowledging that some continued fluidity in external factors such as foreign conflicts, the interest rate environment, and the COVID-19 pandemic may impact quarterly results. In addition, this outlook is based on the average currency rates in March 2022 and reflects, among other factors, management's assumptions for the anticipated volume of new Executive Search confirmations, On-Demand Talent projects, and Heidrick Consulting assignments, and the current backlog, consultant productivity, consultant retention, and the seasonality of the business.

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