Korn Ferry Q2 Guidance Misses Estimates, Shares Slip Despite Q1 Beat
KFY sits 37% above its 52-week low of $58.95.
Summary
Korn Ferry reported Q1 FY27 adjusted EPS of $1.43, beating the $1.36 estimate, and fee revenue of $756.5M, up 7% YoY. However, Q2 adjusted EPS guidance of $1.30-$1.40 came in below the $1.45 consensus, driving shares down 1.83% to $80.54. The company also guided Q2 fee revenue to $860M-$878M, including two months of the recently closed AMS acquisition. This follows the earlier BusinessWire report of the Q1 beat; the new guidance and market reaction are the key incremental information. The AMS integration adds scale but also integration costs, and the softer Q2 outlook tempers the positive Q1 momentum.
At the time of this announcement, KFY was trading at $80.86 on NYSE in the Trade & Services sector, with a market capitalization of approximately $4.4B. The 52-week trading range was $58.95 to $87.51. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Benzinga.