Korn Ferry's Q2 Results: A Mixed Bag

Korn Ferry, a leading organizational consulting firm, is set to release its latest financial results before the stock market opens. Last quarter, the company surpassed revenue predictions by 2.5%, earning over $715 million, a nearly 5% increase from the previous year. However, their forecast for the upcoming quarter is slightly below analyst expectations, predicting a 5.2% year-over-year growth to around $717.4 million. Despite this, analysts remain optimistic, with Korn Ferry typically outperforming expectations by nearly 2% in the last two years. The companys stock price has risen by almost 3% in the last month, with analysts setting an average price target of $81, significantly higher than its current trading price.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.