Heidrick & Struggles International
The 10-second takeaway
For the quarter ended June 30 (Q2), Heidrick & Struggles International beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. GAAP earnings per share increased.
Margins shrank across the board.
Heidrick & Struggles International reported revenue of $122.0 million. The six analysts polled by S&P Capital IQ expected revenue of $114.5 million on the same basis. GAAP reported sales were 9.7% higher than the prior-year quarter's $116.1 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 $0.11. The six earnings estimates compiled by S&P Capital IQ anticipated $0.16 per share. GAAP EPS of $0.11 for Q2 were 10.0% higher than the prior-year quarter's $0.10 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 30.6%, 60 basis points worse than the prior-year quarter. Operating margin was 4.5%, 170 basis points worse than the prior-year quarter. Net margin was 1.5%, 10 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $118.3 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $453.4 million. The average EPS estimate is $0.44.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 73 members out of 86 rating the stock outperform, and 13 members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Heidrick & Struggles International a green thumbs-up, and three 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 $15.75.
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