Heidrick & Struggles (HSII) Reports In-Line Q4 EPS, Offers Outlook

Heidrick & Struggles (NASDAQ: HSII) reported Q4 EPS of $0.54, in-line with the analyst estimate of $0.54. Revenue for the quarter came in at $180 million versus the consensus estimate of $178.82 million.

GUIDANCE:

Heidrick & Struggles sees Q1 2020 revenue of $165-175 million, versus the consensus of $174 million.

This outlook is based on the average currency rates in December 2019 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. Additionally, the company is proactively monitoring the significant level of uncertainty associated with the Coronavirus and is keeping in close communication with its team and clients in affected regions. While the situation is still fluid and it is too early to quantify, it is reasonable to assume that along with the reported economic pressure, the Coronavirus could have a related impact on first quarter results.

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

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