NYSE$KFY

Korn Ferry · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Korn Ferry reported fee revenue of $515.3 million, net income of $20.0 million, and diluted earnings per share of $0.36 for Q3 FY'20.

Korn Ferry announced third quarter fiscal 2020 results, reporting fee revenue of $515.3 million, a 9% increase compared to Q3 FY'19. Net income attributable to Korn Ferry was $20.0 million, and diluted earnings per share was $0.36. Adjusted diluted earnings per share was $0.75.

  • Fee revenue increased by 9% to $515.3 million.
  • Net income attributable to Korn Ferry was $20.0 million.
  • Diluted earnings per share was $0.36, and adjusted diluted earnings per share was $0.75.
  • The company completed the acquisition of Miller Heiman Group, AchieveForum and Strategy Execution, now part of Korn Ferry Digital.

Headline financials

Total Revenue

$528M

Previous: $486M+8.6%
EPS (adj)

$0.75

Previous: $0.81-7.4%
Exec Search Engagements Billed

3.8K

No prior period
Exec Search New Engagements

1.6K

No prior period
Digital Sub & License Revenue

$21.3M

No prior period
Consulting Avg Bill Rate

$328.00

No prior period
Capital Expenditures

-$33.8M

Previous: -$36.9M+8.5%
Free Cash Flow

-$13.8M

Previous: $8.08M-270.3%
Net Income

$20M

Previous: $45M-55.5%
Operating Income

$31.6M

Previous: $62.7M-49.6%
Gross Profit

$217K

Previous: $457M-100.0%
Cash & Equivalents

$564M

Previous: $490M+15.2%
Total Assets

$2.74B

Previous: $2.22B+23.5%
Stock-Based Comp

$5.47M

Previous: $5.66M-3.4%

Revenue & EPS history

Korn Ferry · Revenue · Quarterly

$528M

Q3 2020+8.6%vs Q3 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Korn Ferry · $515M total across 4 segments · Q3 2020

  • Executive Search
    $184M
  • Consulting
    $141M
  • Digital
    $99.4M
  • Professional Search & Interim
    $91.9M

Forward guidance

Due to the uncertainty caused by the coronavirus, Korn Ferry will not be issuing any specific revenue and earnings guidance for the fourth quarter.

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 Q3 2020

Historical avgQ3 2020

+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

Earnings price reactions
QuarterReport dateReaction (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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