NASDAQ$HSII
Heidrick & Struggles International Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Heidrick & Struggles' Q4 2019 financial results were announced, with net revenue at the high end of guidance.
Heidrick & Struggles reported Q4 2019 net revenue of $180.0 million, which was at the high end of their guidance. While this was a decrease of 2.8% compared to Q4 2018, the company highlighted Heidrick Consulting's sequential net revenue growth and their focus on operational efficiencies.
- Net revenue for the fourth quarter was $180.0 million, at the high end of the company's guidance.
- Heidrick Consulting's net revenue was $17.0 million in the fourth quarter, marking the third consecutive quarter of sequential growth.
- The average revenue per executive search was $149,300, compared to $142,000 in the fourth quarter of 2018.
- Cash and marketable securities totaled $332.9 million at the end of the year.
Headline financials
Revenue & EPS history
Heidrick & Struggles · Revenue · Quarterly
$180M
Revenue by segment
Heidrick & Struggles · $180M total across 2 segments · Q4 2019
- Executive Search$163M-3.3%90.5%
- On-Demand Talent$17M+1.4%9.5%
Forward guidance
The company expects 2019 first quarter consolidated net revenue of between $165 million and $175 million.
Tailwinds
- The outlook is based on the average currency rates in December 2019.
- The outlook reflects management’s assumptions for the anticipated volume of new Executive Search confirmations.
- The outlook reflects management’s assumptions for Heidrick Consulting assignments.
- The outlook reflects management’s assumptions the current backlog.
- The outlook reflects management’s assumptions consultant productivity and consultant retention, and the seasonality of its business.
Headwinds
- The company is proactively monitoring the significant level of uncertainty associated with the Coronavirus.
- The company is keeping in close communication with its team and clients in affected regions.
- 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.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 6 quarterly earnings reports
+2.0%
Avg return
Earnings day
+10.0%
Avg return
5 days after
+10.5%
Avg return
30 days after
58%
37 / 64 earnings
Positive
+27.6%
Q4 2018
Best reaction
-19.4%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | +0.0% | -0.0% | +0.3% | |
| Q2 2025 | +4.8% | +3.8% | +15.9% | |
| Q1 2025 | +3.8% | +8.2% | +11.4% | |
| Q4 2024 | +12.3% | +18.0% | +4.1% | |
| Q3 2024 | +7.6% | +20.7% | +16.7% | |
| Q2 2024 | +14.3% | +6.1% | +6.4% | |
| Q1 2024 | -1.4% | +8.3% | +16.6% | |
| Q4 2023 | +16.5% | +15.2% | +12.6% | |
| Q3 2023 | +7.6% | — | — | |
| Q2 2023 | +3.8% | — | — | |
| Q1 2023 | -11.1% | — | — | |
| Q4 2022 | +14.8% | — | — | |
| Q3 2022 | -5.4% | — | — | |
| Q2 2022 | +1.5% | — | — | |
| Q1 2022 | -19.4% | — | — | |
| Q4 2021 | -5.6% | — | — | |
| Q3 2021 | +2.1% | — | — | |
| Q2 2021 | +3.0% | — | — | |
| Q1 2021 | +7.7% | — | — | |
| Q4 2020 | +8.6% | — | — | |
| Q3 2020 | +9.0% | — | — | |
| Q2 2020 | +1.1% | — | — | |
| Q1 2020 | -3.5% | — | — | |
| Q4 2019 | -18.6% | — | — | |
| Q3 2019 | +1.3% | — | — | |
| Q2 2019 | -3.1% | — | — | |
| Q1 2019 | -8.5% | — | — | |
| Q4 2018 | +27.6% | — | — | |
| Q3 2018 | +25.5% | — | — | |
| Q2 2018 | +18.2% | — | — | |
| Q1 2018 | +18.4% | — | — | |
| Q4 2017 | +1.2% | — | — | |
| Q3 2017 | +15.7% | — | — | |
| Q2 2017 | -10.6% | — | — | |
| Q1 2017 | -15.9% | — | — | |
| Q4 2016 | +13.7% | — | — | |
| Q3 2016 | -13.4% | — | — | |
| Q2 2016 | +19.7% | — | — | |
| Q1 2016 | -16.6% | — | — | |
| Q4 2015 | -0.4% | — | — | |
| Q3 2015 | +26.4% | — | — | |
| Q2 2015 | -6.1% | — | — | |
| Q1 2015 | +4.2% | — | — | |
| Q4 2014 | +2.3% | — | — | |
| Q3 2014 | -4.7% | — | — | |
| Q2 2014 | +5.6% | — | — | |
| Q1 2014 | -2.3% | — | — | |
| Q4 2013 | +2.4% | — | — | |
| Q3 2013 | +0.3% | — | — | |
| Q2 2013 | +2.6% | — | — | |
| Q1 2013 | +11.6% | — | — | |
| Q4 2012 | -17.6% | — | — | |
| Q3 2012 | -0.5% | — | — | |
| Q2 2012 | -14.8% | — | — | |
| Q1 2011 | -5.6% | — | — | |
| Q1 2012 | -0.8% | — | — | |
| Q4 2009 | +2.7% | — | — | |
| Q4 2011 | +2.7% | — | — | |
| Q3 2010 | +1.2% | — | — | |
| Q3 2011 | +1.2% | — | — | |
| Q2 2011 | -2.2% | — | — | |
| Q2 2010 | -2.2% | — | — | |
| Q4 2010 | -2.2% | — | — | |
| Q1 2010 | -4.0% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro