NYSE$KFY
Korn Ferry · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Korn Ferry announced first quarter fiscal 2024 results, with fee revenue essentially flat year-over-year and diluted earnings per share at $0.89.
Korn Ferry's Q1 FY'24 fee revenue was $699.2 million, flat compared to Q1 FY'23. Diluted earnings per share were $0.89 and adjusted diluted earnings per share were $0.99. The company's diversification strategy continues to positively influence the results.
- Fee revenue remained constant primarily due to an increase in the Interim portion of Professional Search & Interim, resulting from the acquisitions of Infinity Consulting Solutions and Salo.
- Operating margin was 8.1% and Adjusted EBITDA margin was 13.7% in Q1 FY'24.
- Net income attributable to Korn Ferry was $46.6 million in Q1 FY'24.
- The company repurchased 90,000 shares of stock during the quarter for $4.2 million.
Headline financials
Revenue & EPS history
Korn Ferry · Revenue · Quarterly
$706M
Revenue by segment
Korn Ferry · $603M total across 4 segments · Q1 2024
- Executive Search$205M-11.8%34.0%
- Consulting$168M+1.0%27.9%
- Professional Search & Interim$142M+43.7%23.6%
- Digital$88M+5.0%14.6%
Forward guidance
Q2 FY’24 fee revenue is expected to be in the range of $675 million and $695 million; and Q2 FY’24 diluted earnings per share is expected to range between $0.85 to $0.97. On a consolidated adjusted basis: Q2 FY’24 adjusted diluted earnings per share is expected to be in the range from $0.91 to $1.01.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
+0.1%
Avg return
Earnings day
-0.4%
Avg return
5 days after
-0.3%
Avg return
30 days after
49%
34 / 69 earnings
Positive
+15.1%
Q3 2018
Best reaction
-23.2%
Q1 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -0.3% | +0.2% | — | |
| Q3 2026 | -1.5% | -4.6% | +0.5% | |
| Q2 2026 | +4.2% | +7.6% | +4.7% | |
| Q1 2026 | +0.4% | -0.3% | -2.9% | |
| Q4 2025 | +0.0% | +6.7% | +11.2% | |
| Q3 2025 | +7.6% | +7.7% | +0.7% | |
| Q2 2025 | -9.0% | -8.5% | -13.5% | |
| Q1 2025 | -6.6% | -1.6% | +2.3% | |
| Q4 2024 | +5.2% | +4.9% | +6.5% | |
| Q3 2024 | +1.5% | +1.2% | -0.8% | |
| Q2 2024 | +1.0% | +4.8% | +3.4% | |
| Q1 2024 | -2.6% | -3.6% | -2.6% | |
| Q4 2023 | -5.2% | -2.6% | +2.0% | |
| Q3 2023 | +2.6% | -5.1% | -10.0% | |
| Q2 2023 | -5.4% | -4.6% | -3.9% | |
| Q1 2023 | -14.7% | -11.9% | -17.0% | |
| Q4 2022 | +3.6% | +7.8% | +16.0% | |
| Q3 2022 | -0.1% | +2.8% | +5.9% | |
| Q2 2022 | +1.2% | +1.6% | -4.5% | |
| Q1 2022 | +3.3% | +0.3% | +4.3% | |
| Q4 2021 | +8.4% | +12.3% | +0.3% | |
| Q3 2021 | +11.4% | +8.8% | +6.8% | |
| Q2 2021 | +7.1% | +9.2% | +16.0% | |
| Q1 2021 | -5.1% | -6.1% | -5.1% | |
| Q4 2020 | -3.0% | -9.1% | -7.5% | |
| Q3 2020 | -5.5% | -7.2% | -3.3% | |
| Q2 2020 | -0.8% | -0.3% | +6.7% | |
| Q1 2020 | -5.2% | -4.5% | -6.5% | |
| Q4 2019 | -15.7% | -18.7% | -17.4% | |
| Q3 2019 | -4.7% | -0.6% | +0.5% | |
| Q2 2019 | -3.5% | -0.7% | -10.3% | |
| Q1 2019 | -23.2% | -23.5% | -25.7% | |
| Q4 2018 | +13.4% | +14.4% | +14.8% | |
| Q3 2018 | +15.1% | +16.8% | +24.3% | |
| Q2 2018 | -1.1% | -2.1% | -1.0% | |
| Q1 2018 | +7.9% | +8.0% | +19.9% | |
| Q4 2017 | +4.3% | +3.0% | +3.5% | |
| Q3 2017 | -3.2% | -3.5% | -5.9% | |
| Q2 2017 | +10.4% | +14.5% | +6.0% | |
| Q1 2017 | -5.3% | -9.3% | -12.1% | |
| Q4 2016 | -21.1% | -20.8% | -18.2% | |
| Q3 2016 | -6.6% | — | — | |
| Q2 2016 | -1.9% | — | — | |
| Q1 2016 | +0.9% | — | — | |
| Q4 2015 | +2.3% | — | — | |
| Q3 2015 | -2.8% | — | — | |
| Q2 2015 | +1.3% | — | — | |
| Q1 2015 | -1.3% | — | — | |
| Q4 2014 | -3.4% | — | — | |
| Q3 2014 | +13.9% | — | — | |
| Q2 2014 | +4.4% | — | — | |
| Q1 2014 | +14.0% | — | — | |
| Q4 2013 | +4.5% | — | — | |
| Q3 2013 | -1.3% | — | — | |
| Q2 2013 | +2.3% | — | — | |
| Q1 2013 | -5.3% | — | — | |
| Q4 2012 | -0.5% | — | — | |
| Q3 2012 | +2.8% | — | — | |
| Q2 2012 | -1.7% | — | — | |
| Q1 2012 | -1.3% | — | — | |
| Q4 2009 | +1.5% | — | — | |
| Q4 2011 | +1.5% | — | — | |
| Q3 2010 | -0.3% | — | — | |
| Q3 2011 | -0.3% | — | — | |
| Q2 2011 | +1.6% | — | — | |
| Q1 2011 | +3.5% | — | — | |
| Q1 2010 | +3.5% | — | — | |
| Q4 2010 | +3.5% | — | — | |
| Q2 2010 | +3.5% | — | — |
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