(KFY - Free Report
back to back beats of the Zacks Consensus Estimate. That
doesn't make a stock the Bear of the Day, so let's figure out
why the stock is now a
Zacks Rank #5
(Strong Sell) and the Bear of the Day.
KFY beat the Zacks Consensus Estimate of $0.54 by $0.04
7.4% positive earnings surprise in the most recent quarter.
This wasn't the reason the stock fell some 21% the session
following the release, so read on for why it did fall.
Korn/Ferry offers leadership and talent consulting services.
It operates in around 37 countries and is based in Los Angeles.
Usually when a stock is the Bear of the Day, the earnings
history is filled with misses. This is not the case for KFY,
as there is one miss over the last five quarters that have
Here is the real reason the stock is a Zacks Rank #5 (Strong
Sell) and the Bear of the Day. The Zacks Consensus Estimate
has fallen over the last month. The FY16
estimate stood at $2.56 in May but fell to $2.42 in June.
Next year has also saw a big move lower in estimates with the
2017 Zacks Consensus Estimate moving from $2.92 in May to $2.75
Zacks has developed a chart that helps investors see how
earnings estimates have
the price of the stock over the last several years. We call
this chart the
consensus chart, and each color coded lines represents
analyst estimates over a
designated year. As estimates increase, the stock tends to
follow. The Zacks
impacted by earnings estimate increases, beats and
incorporates the idea of
agreement and magnitude. As a
Zacks Rank #5 (Strong Sell) we see that estimates are moving
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