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Heidrick & Struggl Up 14.11% To $33.03 After Earnings Beat

Tuesday, February 27, 2024 10:24 AM | InvestorsObserver Analysts

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Heidrick & Struggl Up 14.11% To $33.03 After Earnings Beat

Heidrick & Struggl (HSII) said after close Monday that it earned $0.72 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $253.2 million, beating estimates by $5 million.

In the same quarter a year ago, the company earned $0.78 per share on revenue of $235.7 million.

The stock is up 14.11% to $33.03 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Heidrick & Struggl a Bearish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 39. Meanwhile, the average Wall Street analyst rated the stock a Buy.

Heidrick & Struggles International Inc is a leadership advisory firm providing executive search and consulting services to businesses and business leaders worldwide. The company's operating segment includes the executive search business which operates in the Americas; Europe; Asia Pacific and On-Demand Talent and Heidrick Consulting. It generates maximum revenue from the Americas.

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