NEW YORK (TheStreet) -- Korn/Ferry International (KFY) was rising 9.74% to $28.34 at 10:57 a.m. on Friday after the world's largest executive search firm announced third-quarter results that surpassed analysts' expectations.
The company reported earnings per share of 43 cents, which surpassed the consensus estimate of 34 cents and marked a year-over-year increase from 31 cents. Korn/Ferry reported revenue of $250.9 million, which beat the consensus estimate of $229.23 million and represented a 19.3% year-over-year increase.
The company also issued guidance of 35 cents to 41 cents a share for the fourth quarter, which was in line with the Capital IQ consensus estimate.
TheStreet Ratings team rates KORN/FERRY INTERNATIONAL as a "buy" with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate KORN/FERRY INTERNATIONAL (KFY) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, reasonable valuation levels and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: