Korn Ferry (NYSE:KFY) reported first-quarter fiscal 2027 earnings and fee revenue above analyst expectations on Wednesday, while its adjusted earnings guidance for the second quarter came in below consensus.
The global consulting firm reported adjusted earnings per share of $1.43, exceeding the analyst consensus estimate of $1.36.
Fee revenue increased 7% year over year to $756.5 million, compared with the analyst estimate of $736.76 million.
Korn Ferry shares were down 0.17% in premarket trading following the announcement.
“I am very pleased with our quarterly performance. This marks our sixth consecutive quarter of top-line growth, demonstrating the momentum and durability of our business,” said Gary D. Burnison, CEO of Korn Ferry.
Search and Workforce Solutions record double-digit growth
Korn Ferry said fee revenue increased across all regions compared with the prior-year period.
Search revenue grew 10% year over year, while Workforce Solutions recorded an 11% increase.
Net income attributable to Korn Ferry was $69.0 million, up 4% from $66.6 million in the same period last year. Net income margin was 9.1%.
Adjusted EBITDA increased 7% year over year to $128.2 million, with an adjusted EBITDA margin of 17.0%.
Korn Ferry forecasts Q2 adjusted EPS of $1.30-$1.40
For the second quarter of fiscal 2027, Korn Ferry expects adjusted diluted earnings per share of between $1.30 and $1.40.
The midpoint of $1.35 compares with the analyst consensus estimate of $1.48.
Fee revenue for the second quarter is forecast at between $860 million and $878 million, while the company expects an adjusted EBITDA margin of 16.8% to 17.2%.
The second-quarter guidance includes two months of results from the recently acquired AMS business, which completed on September 1, 2026.
Korn Ferry stock price
