KFY Stock Recent News

Korn Ferry has seen its shares tumble in recent months, even though fundamental strength continues to impress. Investors are right to fear the market's uncertainty, but even a weakening in fundamentals may still leave upside.

Korn/Ferry (KFY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Korn Ferry (NYSE:KFY ) Q1 2023 Earnings Conference Call September 7, 2022 12:00 PM ET Company Participants Gary Burnison – Chief Executive Officer Gregg Kvochak – Senior Vice President-Investor Relations Bob Rozek – Chief Financial Officer Conference Call Participants George Tong – Goldman Sachs Tim Mulrooney – William Blair Mark Marcon – Baird Marc Riddick – Sidoti Tobey Sommer – Truist Securities Operator Ladies and gentlemen, thank you for standing by, and welcome to the Korn Ferry First Quarter Fiscal Year 2023 Conference Call. [Operator instructions] As a reminder, this call is being recorded for replay purposes.

Korn/Ferry (KFY) delivered earnings and revenue surprises of -1.96% and 0.65%, respectively, for the quarter ended July 2022. Do the numbers hold clues to what lies ahead for the stock?

Korn Ferry KFY, +0.57% reported Wednesday fiscal first-quarter profit that came up shy of expectations, as revenue rose above forecasts but operating margin contracted. The staffing services company also provided a somewhat downbeat earnings outlook, as business environment uncertainty driven global inflation, rising interest rates and increasing geopolitical tensions tempers continued strength in new business trends.

It is a pattern that has become all too familiar: A dazzling price performance in 2021 that turned into a rout as share prices dramatically pulled back this year.

Korn/Ferry (KFY) delivered earnings and revenue surprises of 11.46% and 5.74%, respectively, for the quarter ended April 2022. Do the numbers hold clues to what lies ahead for the stock?

Korn Ferry (NYSE: KFY) is living proof that labor trends are strong and supported by robust tailwinds. The company's positioning as an outsourcing/consulting/hiring firm has it well-positioned to benefit from these trends.

Shares of Korn Ferry KFY, +3.86% shot up 4.0% in premarket trading Wednesday, after the staffing services company reported fiscal fourth-quarter record profit and revenue that rose above expectations, and provided an upbeat outlook, with shortages of skilled labor expected to persist for "years to come." Net income for the quarter to April 30 increased to $91.7 million, or $1.70 a share, from $66.2 million, or $1.21 a share, in the year-ago period.