NYSE$KFY
Korn Ferry · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Korn Ferry's Q3 2021 financial results demonstrated business resilience with strong sequential fee revenue growth and record earnings and profitability.
Korn Ferry announced third quarter fiscal 2021 results with fee revenue of $475.4 million, a sequential increase of 9% from Q2 FY'21. The company reported record net income of $51.3 million, and diluted earnings per share of $0.94 and adjusted diluted earnings per share of $0.95, both all-time highs.
- Fee revenue of $475.4 million in Q3 FY’21, a sequential increase of 9% from Q2 FY’21.
- Record net income attributable to Korn Ferry of $51.3 million in Q3 FY’21.
- Operating income and Adjusted EBITDA were both all-time highs at $65.2 million (operating margin of 13.7%) and $96.7 million (Adjusted EBITDA margin of 20.3%), respectively.
- Highest diluted earnings per share and adjusted diluted earnings per share to date at $0.94 and $0.95, respectively, for Q3 FY’21.
Headline financials
Revenue & EPS history
Korn Ferry · Revenue · Quarterly
$478M
Revenue by segment
Korn Ferry · $475M total across 4 segments · Q3 2021
- Executive Search$168M-8.4%35.4%
- Consulting$136M-3.0%28.7%
- Professional Search & Interim$95.2M+3.6%20.0%
- Digital$75.8M-23.8%15.9%
Forward guidance
Korn Ferry expects Q4 FY'21 fee revenue to be in the range of $475 million and $500 million, and diluted earnings per share is expected to range between $0.95 to $1.05, assuming no new major pandemic lockdowns and steady worldwide economic conditions, financial markets, and foreign exchange rates.
Tailwinds
- Q4 FY'21 fee revenue is expected to be in the range of $475 million and $500 million.
- Q4 FY'21 diluted earnings per share is expected to range between $0.95 to $1.05.
- Assuming no new major pandemic lockdowns.
- Assuming worldwide economic conditions remain steady.
- Assuming financial markets and foreign exchange rates remain steady.
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 2021
+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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