Korn/Ferry International (KFY)

NYSEIndustrialsStaffing & Employment ServicesSnapshot 2026-10-23

$78.30+2.55%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Korn/Ferry International’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
FY 2027 · Q2
Revenue	$860M–$878M	870.29M
EPS	—	1.365
FY 2027 · Q3
Revenue	—	910.31M
EPS	—	1.387
FY 2027 · Annual
Revenue	—	3.5B
EPS	—	5.71
FY 2028 · Annual
Revenue	—	3.88B
EPS	—	6.383

What the Thesis Depends On

4 published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Achieve $140 million run-rate Adjusted EBITDA from AMS acquisition	The AMS acquisition adds $140 million in EBITDA run-rate next year.	Intact	AMS EBITDA contribution falls below $100 million run-rate by FY27	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 3 distinct quarters including 2026-Q2 and 2026-Q3. Korn Ferry completed the AMS acquisition on September 1, 2026, aiming to create a global leader in talent consulting. Guidance projects a $140 million run-rate Adjusted EBITDA contribution within a year post-closing. The acquisition is accretive to earnings per share in the first full year after adjustments. The trajectory shows delivering on the acquisition and integration commitment. Delivery assessment Oct 24, 2026
Maintain or increase quarterly dividend at $0.55 per share	Dividends have increased to $0.55 per share, showing strong shareholder returns.	Intact	Quarterly dividend falls below $0.48 per share	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in at least 3 quarters including 2026-Q2, 2026-Q3, and 2026-Q4. Dividend per share increased from $0.37 in 2025-Q3 to $0.48 in 2026-Q3, with a further Board declaration of $0.55 per share dividend payable in October 2026. The trajectory shows consistent increases in dividends, delivering on shareholder return enhancement. Delivery assessment Oct 24, 2026
Maintain stable profit margins supporting EPS near $1.36 next quarter	Korn Ferry is growing revenue about 7% yearly with profit margins steady.	Intact	EPS falls below $1.32 next quarter	Diluted EPS: $1.32 per share FY2027-Q1; GAAP. Published target: EPS >= $1.32 next quarter. Same fiscal period as the stored target. Source published Sep 9, 20261.32 USD/share · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2027-Q1 · Period ending Jul 31, 2026 Source: company_financial_results. Reference: ada69a08-e2e3-416f-afdb-8a34471ceb51. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Sustain revenue growth near 7% YoY	A primary condition in Korn/Ferry International's published investment case. The stated target is >=7% YoY revenue growth.	Intact	YoY revenue growth falls below 4% next 4 quarters	Revenue growth: 6.86% FY2027-Q1; GAAP. Published target: >=7% YoY revenue growth. Target period is not explicitly aligned with this observation. Source published Sep 9, 20266.858987 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2027-Q1 · Period ending Jul 31, 2026 Source: company_financial_results. Reference: ada69a08-e2e3-416f-afdb-8a34471ceb51. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 3 distinct quarters including 2026-Q2 and 2026-Q3. Korn Ferry completed the AMS acquisition on September 1, 2026, aiming to create a global leader in talent consulting. Guidance projects a $140 million run-rate Adjusted EBITDA contribution within a year post-closing. The acquisition is accretive to earnings per share in the first full year after adjustments. The trajectory shows delivering on the acquisition and integration commitment. Delivery assessment Oct 24, 2026

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2028 · fiscal year ending 2028-04-30 · fmp

FY2028 EPSUnavailable

$6.32 → Unavailable · observed estimates

FY2028 revenueUnavailable

$3.15B → Unavailable · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2028 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$6.32	$3,151,104,100	5 / 5
2026-07-25	Unavailable	Unavailable	2 / 3
2026-07-26	$6.32	$3,151,104,100	5 / 5
2026-07-27	Unavailable	Unavailable	2 / 3
2026-07-28	Unavailable	Unavailable	2 / 3
2026-07-29	$6.32	$3,151,104,100	5 / 5
2026-07-30	$6.32	$3,151,104,100	5 / 5
2026-07-31	$6.32	$3,151,104,100	5 / 5
2026-08-01	Unavailable	Unavailable	2 / 3
2026-08-02	$6.32	$3,151,104,100	5 / 5
2026-08-03	$6.32	$3,151,104,100	5 / 5
2026-08-04	$6.32	$3,151,104,100	5 / 5
2026-08-05	$6.32	$3,151,104,100	5 / 5
2026-08-06	Unavailable	Unavailable	2 / 3
2026-08-07	Unavailable	Unavailable	2 / 3
2026-08-08	Unavailable	Unavailable	2 / 3
2026-08-09	Unavailable	Unavailable	2 / 3
2026-08-10	Unavailable	Unavailable	2 / 3
2026-08-12	Unavailable	Unavailable	2 / 3
2026-08-13	Unavailable	Unavailable	2 / 3
2026-08-14	Unavailable	Unavailable	2 / 3
2026-08-15	Unavailable	Unavailable	2 / 3
2026-08-16	Unavailable	Unavailable	2 / 3
2026-08-17	Unavailable	Unavailable	2 / 3
2026-08-18	Unavailable	Unavailable	2 / 3
2026-08-19	Unavailable	Unavailable	2 / 3
2026-08-20	Unavailable	Unavailable	2 / 3
2026-08-21	Unavailable	Unavailable	2 / 3
2026-08-22	Unavailable	Unavailable	2 / 3
2026-08-23	Unavailable	Unavailable	2 / 3
2026-08-24	Unavailable	Unavailable	2 / 3
2026-08-25	Unavailable	Unavailable	2 / 3
2026-08-26	Unavailable	Unavailable	2 / 3
2026-08-27	Unavailable	Unavailable	2 / 3
2026-08-28	Unavailable	Unavailable	2 / 3
2026-08-29	Unavailable	Unavailable	2 / 3
2026-08-30	Unavailable	Unavailable	2 / 3
2026-08-31	Unavailable	Unavailable	2 / 3
2026-09-01	Unavailable	Unavailable	2 / 3
2026-09-02	Unavailable	Unavailable	2 / 3
2026-09-03	Unavailable	Unavailable	2 / 3
2026-09-04	Unavailable	Unavailable	2 / 3
2026-09-05	Unavailable	Unavailable	2 / 3
2026-09-06	Unavailable	Unavailable	2 / 3
2026-09-07	Unavailable	Unavailable	2 / 3
2026-09-08	Unavailable	Unavailable	2 / 3
2026-09-09	Unavailable	Unavailable	1 / 1
2026-09-10	Unavailable	Unavailable	1 / 1
2026-09-11	Unavailable	Unavailable	2 / 3
2026-09-12	Unavailable	Unavailable	2 / 3
2026-09-13	Unavailable	Unavailable	2 / 3
2026-09-14	Unavailable	Unavailable	2 / 3
2026-09-15	Unavailable	Unavailable	2 / 3
2026-09-16	Unavailable	Unavailable	2 / 3
2026-09-17	Unavailable	Unavailable	2 / 3
2026-09-18	Unavailable	Unavailable	2 / 3
2026-09-19	Unavailable	Unavailable	2 / 3
2026-09-20	Unavailable	Unavailable	2 / 3
2026-09-21	Unavailable	Unavailable	2 / 3
2026-09-22	Unavailable	Unavailable	2 / 3
2026-09-23	Unavailable	Unavailable	2 / 3
2026-09-24	Unavailable	Unavailable	2 / 3
2026-09-25	Unavailable	Unavailable	2 / 3
2026-09-26	Unavailable	Unavailable	2 / 3
2026-09-27	Unavailable	Unavailable	2 / 3
2026-09-28	Unavailable	Unavailable	2 / 3
2026-09-29	Unavailable	Unavailable	2 / 3
2026-09-30	Unavailable	Unavailable	2 / 3
2026-10-01	Unavailable	Unavailable	2 / 3
2026-10-02	Unavailable	Unavailable	2 / 3
2026-10-03	Unavailable	Unavailable	2 / 3
2026-10-04	Unavailable	Unavailable	2 / 3
2026-10-05	Unavailable	Unavailable	2 / 3
2026-10-06	Unavailable	Unavailable	2 / 3
2026-10-07	Unavailable	Unavailable	2 / 3
2026-10-08	Unavailable	Unavailable	2 / 3
2026-10-09	Unavailable	Unavailable	2 / 3
2026-10-10	Unavailable	Unavailable	2 / 3
2026-10-11	Unavailable	Unavailable	2 / 3
2026-10-12	Unavailable	Unavailable	2 / 3
2026-10-13	Unavailable	Unavailable	2 / 3
2026-10-14	Unavailable	Unavailable	2 / 3
2026-10-15	Unavailable	Unavailable	2 / 3
2026-10-16	Unavailable	Unavailable	2 / 3
2026-10-17	Unavailable	Unavailable	2 / 3
2026-10-18	Unavailable	Unavailable	2 / 3
2026-10-19	Unavailable	Unavailable	2 / 3
2026-10-20	Unavailable	Unavailable	2 / 3
2026-10-21	Unavailable	Unavailable	2 / 3
2026-10-22	Unavailable	Unavailable	2 / 3
2026-10-23	Unavailable	Unavailable	2 / 3
2026-10-24	Unavailable	Unavailable	2 / 3

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold
2026-05-01	4	1
2026-06-01	4	1
2026-07-01	4	1
2026-08-01	4	1
2026-09-01	4	1
2026-10-01	4	1

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 4 Buy / Strong Buy · 1 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades0 maintains

Recent actions · Sep 25–Oct 24 · 0 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Achieve $140 million run-rate Adjusted EBITDA from AMS acquisitionDirect metric needs a verified mapping
Maintain or increase quarterly dividend at $0.55 per shareDirect metric needs a verified mapping
Sustain revenue growth near 7% YoYRevenue growth: 6.86%

Next proof point

Dec 8, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

1.0%Typical daily move · historical

Downside history

-18.3%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Korn/Ferry International outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

KFY is a talent and consulting business with an acquisition-led growth element, rather than a clear low-risk compounder. Its multi-year view is intact after recent performance held in the top half of its industry, but earnings quality is fragile and risk has risen.

What's priced into Korn/Ferry International

KFY is described as cheap versus peers, while the expectations gap is negative, suggesting expectations are not especially demanding. The pricing evidence labels the setup justified, with low fragility concentration rather than a broad stack of high valuation, weak execution, and turbulence.

What the fundamentals likely do

Near term, recent results were neutral overall, with an earnings beat on September 9 and restructuring also reported that day. The completed AMS acquisition is on track as a management priority, with guidance for a $140 million run-rate adjusted EBITDA contribution within a year after closing and adjusted earnings-per-share accretion in its first full year. Elevated risk remains relevant: the next guidance update and recent peer misses are watch points, despite a low stated near-term miss probability.

What Korn/Ferry International hinges on

Over the next few quarters, the thesis depends on KFY delivering the expected AMS contribution and integrating the acquisition effectively. A guidance cut would be a meaningful negative; continued earnings strength and higher guidance from sector bellwethers PAYX, RHI, and TNET would support the sector backdrop, while misses or lower guidance from those peers could remove that support.