Overview

• Consulting firm's Q3 fee revenue grew 7% yr/yr, Q3 revenue beat analyst expectations

• Adjusted EPS for Q3 beat analyst expectations

• Company is a Founding Partner of the LA28 Olympic and Paralympic Games

Outlook

• Q4 FY26 fee revenue expected between $730 mln and $750 mln

• Q4 FY26 diluted EPS expected to range from $1.34 to $1.40

Result Drivers

• EXECUTIVE SEARCH GROWTH - Fee revenue in Executive Search increased 13% due to more engagements and higher fees per engagement

• CONSULTING REVENUE INCREASE - Consulting fee revenue rose 5% year-over-year, driven by a 2% increase in average bill rates

• DIGITAL SOLUTIONS CONTRIBUTION - Digital fee revenue grew 4%, primarily due to an 8% increase in subscription and license fees

Company press release: ID:nBw21Rl99a

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue	Beat	$725 mln	$695.12 mln (5 Analysts)
Q3 Adjusted EPS	Beat	$1.28	$1.24 (5 Analysts)
Q3 EPS		$1.23
Q3 Basic EPS		$1.25
Q3 Fee Revenue		$717.40 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the employment services peer group is "buy"

• Wall Street's median 12-month price target for Korn Ferry is $80.50, about 26.6% above its March 6 closing price of $63.60

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

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