Korn Ferry slides after weak earnings outlook

Korn Ferry

09/09/2026 15:38

** Shares of Korn Ferry KFY.N down 3.9% on Weds to $78.88, a six-week low
** The consulting firm early Weds reported Q1 adj. EPS of $1.43, on revenue of $756.5 mln, topping estimates of $1.36 per share and $739.4 mln, per LSEG data
** But KFY forecast Q2 EPS of $1.30 to $1.40, below $1.46 per share estimate, suggesting costs from integrating newly acquired AMS business are weighing on near-term profitability
** Q2 revenue forecast of $860 to $878 mln was well above current estimate of $765.5 mln 
** Of the 5 analysts who cover KFY, the breakdown of recommendations is 4 "strong buy" or "buy," and 1 "hold" rating
** Median price target of $84.50 is up from $82 a month ago
** Stock falls below 50-day moving avg for first time since early July
** KFY shares still up about 20% YTD vs 12% rise in S&P 600 industrials .SPSMCI  
     
     
     
     
     
     

(Reporting by Chuck Mikolajczak)
((charles.mikolajczak@tr.com; @chuckmik.bsky.social))