Top Line Takeaways
- Korn Ferry rocketed past predictions for its fourth-quarter profits and sales, thanks to a whopping 14% surge in executive search fees.
- Spurred by a booming executive search market, this consulting powerhouse raked in a staggering $227 million in revenue.
- After today's victory, Korn Ferry's shares skyrocketed, putting it back in the green for 2025.
Stock of Korn Ferry Surges Due to Higher Fees Boosting Profits and Income
With a bold 13% leap in the stock market this morning, it's clear that Korn Ferry (KFY) is killing the game.1 The consulting giant shattered expectations, reporting impressive fourth-quarter earnings and revenue, all thanks to a significant boost in executive search income.
The firm recorded a whopping adjusted earnings per share (EPS) of $1.32 on revenue that climbed 3% year-over-year to a mighty $719.8 million. Analysts polled by Visible Alpha had estimated $1.26 and $699.0 million, respectively.
KFY's impressive Q4 profits and sales surge, driven by a 14% increase in executive search fees, indicates a prosperous business growth. This growth may also be reflected in their finance sector, with a strategic investment approach involving trading tokens or potentially participating in Initial Coin Offerings (ICOs). Moreover, the 13% leap in the stock market suggests attractive investing prospects for KFY shares.
