HSII - Heidrick & Struggles' Q2 Exceeds Estimates But Notice Underlying Weaknesses (Rating Downgrade)
2024-07-30 04:09:56 ET
Summary
- Heidrick & Struggles reported strong Q2 financials, beating Wall Street's revenue & EPS estimates and providing a higher-than-expected Q3 revenue range.
- However, the company's higher costs weakened profitability, the On-Demand Talent segment performed poorly, and European operations saw a considerable economic downturn, casting shadows on the report.
- HSII stock remains undervalued, although by a smaller margin than before due to the higher stock price, and more moderate profitability estimates going forward.
Heidrick & Struggles ( HSII ) reported the company’s Q2 results, exceeding both Wall Street’s revenue and adjusted EPS estimates. While the overall financials were incredibly good, European operations and slightly softer profitability shadowed the report very slightly....
Heidrick & Struggles' Q2 Exceeds Estimates, But Notice Underlying Weaknesses (Rating Downgrade)