Korn Ferry (KFY), a leading global organizational consulting firm, is poised to release its first-quarter earnings before the market opens on Thursday, September 5th. Wall Street analysts are anticipating a solid performance, with earnings per share estimated at $1.12. This represents a notable increase from 99 cents per share recorded in the same period last year. Furthermore, analysts project quarterly revenue to reach $663.94 million.
While Korn Ferry experienced a 5.2% year-over-year decline in revenue during the fourth quarter, analysts remain optimistic about the company’s future trajectory. This optimism is reflected in recent analyst ratings, with several analysts maintaining or even upgrading their recommendations for KFY stock.
Truist Securities analyst Tobey Sommer reiterated a Buy rating and raised the price target from $74 to $78 on June 14th. Sommer, known for his 81% accuracy rate, expressed confidence in KFY’s growth potential. Baird analyst Mark Marcon also maintained an Outperform rating, boosting the price target from $72 to $79 on the same date. Marcon’s accuracy rate stands at 69%. Meanwhile, UBS analyst Joshua Chan maintained a Neutral rating but raised the price target from $66 to $68 on June 7th. Chan’s accuracy rate is also 69%.
These analyst ratings highlight the ongoing interest in Korn Ferry’s stock and the potential for continued growth. Investors considering KFY should carefully analyze these ratings and the underlying factors driving analyst sentiment.
