Korn Ferry: No Longer Positive On Growth Recovery In FY25
Korn Ferry(KFY) Seeking Alpha·2024-06-14 22:16
Review Investment action KFY reported 4Q24 earnings yesterday, with FY24 total revenue coming in at $2.79 billion (pretty much in line with my FY24 estimates) and net income of $224 million (beat my estimate by $7 million). Although I welcome this beat, I have become less confident in the growth outlook for KFY as the macro conditions are not showing the signs of recovery that I was expecting. The bullish investors are probably celebrating the fact that KFY is seeing stabilizing labor market trends (as per ...