Heidrick & Struggles International
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Heidrick & Struggles International beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share increased.
Gross margins grew, operating margins contracted, net margins grew.
Heidrick & Struggles International booked revenue of $122.3 million. The nine analysts polled by S&P Capital IQ wanted to see a top line of $118.3 million on the same basis. GAAP reported sales were 14% lower than the prior-year quarter's $142.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.23. The seven earnings estimates compiled by S&P Capital IQ predicted $0.22 per share. GAAP EPS were $0.23 for Q3 compared to -$1.82 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 34.9%, 500 basis points better than the prior-year quarter. Operating margin was 8.3%, 140 basis points worse than the prior-year quarter. Net margin was 3.4%, 2,620 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $116.2 million. On the bottom line, the average EPS estimate is $0.24.
Next year's average estimate for revenue is $454.8 million. The average EPS estimate is $0.62.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 71 members out of 86 rating the stock outperform, and 15 members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Heidrick & Struggles International a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Heidrick & Struggles International is hold, with an average price target of $13.20.
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