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Heidrick & Struggles International (HSII)
NASDAQ:HSII
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.63Last Year’s EPS
$0.72Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 9.82%
|Next Earnings Date:Mar 03, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted solid overall performance with significant revenue growth and strong results in key business areas such as Executive Search and On-Demand Talent. However, there were challenges in the European market and slight decreases in EBITDA margins. The company remains optimistic about future growth opportunities.Company Guidance
During the Heidrick & Struggles Q3 2024 earnings call, the company provided guidance highlighting a 6% revenue growth compared to the third quarter of 2023, reaching $279 million. The core Executive Search business saw a 3% increase in revenue, with strong performances in the Americas and Asia Pacific regions, while Europe experienced a slight decline. The On-Demand Talent segment reported a 13% rise in revenue, achieving $46 million, and Heidrick Consulting experienced a 20% growth to $27.9 million in revenue. Adjusted EBITDA for the quarter was $30.4 million with a margin of 10.9%, slightly below the 11.2% margin from the previous year. The company emphasized organic growth and strategic priorities focusing on client relationships, leadership transformation, and innovation. They also projected Q4 2024 revenue to range between $255 million and $275 million, continuing their trajectory above $1 billion in annual revenue for the third consecutive year.Revenue Growth
Heidrick & Struggles achieved a 6% revenue growth in Q3 2024 compared to Q3 2023, driven by contributions from all business areas.
Executive Search Performance
Executive Search revenue grew by 3% to $204 million with notable increases in the Americas (1.7%) and Asia Pacific (22%) regions.
On-Demand Talent Growth
On-Demand Talent revenue increased by 13% compared to Q3 2023, with higher average contract values and increased project durations.
Heidrick Consulting Revenue Increase
Heidrick Consulting saw a 20% year-over-year increase in revenue to $27.9 million, driven by leadership assessment and development engagements.
Strong Cash Position
The company ended the quarter with a strong cash position of $409 million, an increase of $112 million from the end of June 2024.
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HSII Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HSII Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $39.80 | $42.14 | +5.88% |
| Jul 29, 2024 | $35.52 | $40.91 | +15.17% |
| May 06, 2024 | $29.96 | $29.08 | -2.94% |
| Feb 26, 2024 | $28.48 | $33.88 | +18.96% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Heidrick & Struggles International (HSII) report earnings?
Heidrick & Struggles International (HSII) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Heidrick & Struggles International (HSII) earnings time?
Heidrick & Struggles International (HSII) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HSII EPS forecast?
HSII EPS forecast for the fiscal quarter 2024 (Q4) is $0.63.
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