Korn Ferry shares jump as first quarter earnings beat expectations

Investing.com -- Korn Ferry shares surged 7.5% after the global consulting firm reported better-than-expected first-quarter results and provided a solid outlook for the current quarter.

The company posted adjusted earnings per share of $1.31 for its fiscal first quarter, exceeding analyst estimates of $1.24. Revenue reached $708.6 million, up 5% YoY and comfortably above the consensus forecast of $687.04 million. The firm saw growth across all its business segments, with Professional Search & Interim and Executive Search leading the way with increases of 10% and 8%, respectively.

"I am pleased with our company’s performance. When looking at our results over the last few quarters—even amid all of the choppiness that has encircled the labor and economic environment—it’s clear that our strategy is working," said Gary D. Burnison, CEO of Korn Ferry.

Adjusted EBITDA rose 8% YoY to $120.4 million, with margins expanding by 50 basis points to 17.0%. The company’s Executive Search segment showed particularly strong performance, with adjusted EBITDA margin increasing by 190 basis points to 25.6%.

For the second quarter of fiscal 2026, Korn Ferry expects revenue between $690 million and $710 million, compared to analyst estimates of $696 million. The company forecasts adjusted earnings per share in the range of $1.23 to $1.33, in line with the consensus of $1.27.

The firm’s estimated remaining fees under existing contracts grew to $1.67 billion, up from $1.53 billion in the same period last year, suggesting continued momentum in its business pipeline.

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