KFY Stock Recent News

Korn Ferry (NYSE: KFY) delivered its earnings report for the third quarter of its 2023 fiscal year on March 8, 2023. The company scored a double beat, and investors responded by pushing KFY stock up nearly 6%.

Korn Ferry (NYSE:KFY ) Q3 2023 Earnings Conference Call March 8, 2023 12:00 PM ET Company Participants Gary Burnison - Chief Executive Officer Bob Rozek - Chief Financial Officer Gregg Kvochak - Senior Vice President of Investor Relations Tiffany Williams - Global DE&I Director Conference Call Participants George Tong - Goldman Sachs Jasper Bibb - Truist Securities Marc Riddick - Sidoti Operator Ladies and gentlemen, thank you for standing by and welcome to the Korn Ferry Third Quarter Fiscal Year 2023 Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded for replay purposes.

Korn/Ferry (KFY) delivered earnings and revenue surprises of 12.22% and 1.05%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?

Korn Ferry KFY, -0.52% reported Wednesday fiscal third-quarter profit beat expectations and revenue that surprisingly increased, as strength in its recruitment process outsourcing (RPO) revenue offset weakness in executive and professional search. The staffing services company's stock was still inactive in premarket trading.

Korn Ferry showed phenomenal growth in four revenue segments in FY2022. What will happen to the company's growth if we see a recession in the next 12 months?

Korn Ferry has done really well as of late, though there are signs of weakening ahead, with management even taking bold steps now to mitigate any future pain. This makes valuing the enterprise a challenge, and investors would be wise to assume that profits and cash flows will eventually weaken.

Korn Ferry KFY, -0.09% disclosed Thursday that it will cut jobs and eliminate underutilized office space as part of a cost reduction plan. The staffing services company said the job cuts will affect less than 5% of its workforce, which was 10,779 as of April 30, 2022, according to its latest annual report.

Korn Ferry (NYSE:KFY ) Q2 2023 Earnings Conference Call December 8, 2022 12:00 PM ET Company Participants Gary Burnison - Chief Executive Officer Bob Rozek - Chief Financial Officer Gregg Kvochak - Senior Vice President of Investor Relations Conference Call Participants Mark Marcon - Baird George Tong - Goldman Sachs Tim Mulrooney - William Blair Marc Riddick - Sidoti Tobey Summers - Truist Securities Operator Ladies and gentlemen, thank you for standing by and welcome to the Korn Ferry Second Quarter Fiscal Year 2023 Conference Call. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes.

Korn/Ferry (KFY) delivered earnings and revenue surprises of 0% and 4.38%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?

Rising interest rates, high inflation, and recession concerns have hurt KFY's stock price as investors fear a weak job market is coming. KFY has an experienced management team that has weathered challenging macroeconomic environments before.