FTI Consulting (NYSE:FCN) Releases FY 2026 Earnings Guidance

FTI Consulting (NYSE:FCN) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 8.700-9.300 for the period, compared to the consensus estimate of 9.230. The company issued revenue guidance of $3.9 billion-$4.1 billion, compared to the consensus revenue estimate of $4.0 billion.

Analysts Set New Price Targets

FCN has been the subject of a number of research reports. The Goldman Sachs Group set a $169.00 target price on shares of FTI Consulting in a research report on Tuesday, May 19th. Wall Street Zen downgraded FTI Consulting from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings lowered FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Finally, Truist Financial upped their price target on FTI Consulting from $165.00 to $180.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $174.50.

FTI Consulting Stock Performance

Shares of NYSE:FCN traded down $3.77 during trading on Friday, hitting $160.28. 240,776 shares of the company were exchanged, compared to its average volume of 437,908. FTI Consulting has a 52-week low of $137.65 and a 52-week high of $189.30. The stock has a 50 day moving average of $155.35 and a 200 day moving average of $165.37. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.30 and a quick ratio of 2.30. The company has a market cap of $4.83 billion, a PE ratio of 19.10 and a beta of -0.04.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.10). The company had revenue of $993.46 million for the quarter, compared to the consensus estimate of $997.57 million. FTI Consulting had a net margin of 6.88% and a return on equity of 15.14%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.13 earnings per share. FTI Consulting has set its FY 2026 guidance at 8.700-9.300 EPS. As a group, equities research analysts predict that FTI Consulting will post 9.1 EPS for the current year.

FTI Consulting declared that its board has approved a share repurchase plan on Friday, June 5th that permits the company to repurchase $370.00 million in shares. This repurchase authorization permits the business services provider to purchase up to 7.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, CEO Steven Henry Gunby bought 10,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of $144.17 per share, with a total value of $1,441,700.00. Following the completion of the purchase, the chief executive officer directly owned 326,984 shares of the company’s stock, valued at $47,141,283.28. This trade represents a 3.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Paul Alderman Linton bought 2,400 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average price of $144.04 per share, with a total value of $345,696.00. Following the completion of the transaction, the insider owned 92,824 shares of the company’s stock, valued at $13,370,368.96. The trade was a 2.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 14,400 shares of company stock valued at $2,076,576. Company insiders own 1.80% of the company’s stock.

More FTI Consulting News

Here are the key news stories impacting FTI Consulting this week:

• Positive Sentiment: Q2 revenue reached a record $993.5 million, up 5.3% year over year and broadly in line with estimates. Growth was led by Corporate Finance, Technology, and Forensic and Litigation Consulting. Adjusted EPS increased to $2.16 from $2.13 a year earlier, while operating cash flow improved substantially. FTI Consulting Reports Second Quarter 2026 Financial Results
• Positive Sentiment: FTI reaffirmed 2026 revenue guidance of $3.94 billion to $4.10 billion and introduced adjusted EPS guidance of $9.10 to $9.70. A valuation analysis argued that FCN could be approximately 6% undervalued based on the reaffirmed revenue outlook. FTI Consulting Could Be 6% Undervalued
• Positive Sentiment: The company repurchased approximately 2.6 million shares for $390.9 million during the quarter and authorized an additional $370 million for future buybacks, potentially supporting per-share results over time.
• Neutral Sentiment: Management remained confident in FTI’s longer-term trajectory, citing demand for its services as clients face increasingly complex business environments. Executives also emphasized that the event-driven nature of consulting can produce uneven results across regions and business lines. FTI Consulting Q2 2026 Earnings Call Transcript
• Negative Sentiment: GAAP diluted EPS fell to $1.99 from $2.13 and adjusted EPS of $2.16 missed the $2.26 consensus estimate. Net income declined to $57.8 million, while adjusted EBITDA fell 6.4% and its margin narrowed to 10.5% from 11.8%.
• Negative Sentiment: FTI lowered 2026 GAAP EPS guidance to $8.70-$9.30 from $8.90-$9.60, below the $9.23 analyst consensus. Higher direct costs, SG&A, interest expense, and $6.6 million of extraordinary litigation expenses weighed on earnings. Net debt also increased to $856.3 million, largely because of debt-funded share repurchases. FTI Consulting Q2 Adjusted EPS and Revenue

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Corient Private Wealth LLC boosted its stake in shares of FTI Consulting by 3,332.4% in the 4th quarter. Corient Private Wealth LLC now owns 163,350 shares of the business services provider’s stock valued at $27,905,000 after purchasing an additional 158,591 shares in the last quarter. Alberta Investment Management Corp purchased a new position in FTI Consulting in the 4th quarter worth $1,384,000. Mercer Global Advisors Inc. ADV lifted its stake in FTI Consulting by 146.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,726 shares of the business services provider’s stock worth $978,000 after purchasing an additional 3,401 shares during the last quarter. SkyView Investment Advisors LLC lifted its stake in FTI Consulting by 0.9% in the fourth quarter. SkyView Investment Advisors LLC now owns 10,074 shares of the business services provider’s stock worth $1,721,000 after purchasing an additional 92 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its position in FTI Consulting by 229.5% during the fourth quarter. Gotham Asset Management LLC now owns 137,835 shares of the business services provider’s stock valued at $23,546,000 after buying an additional 96,005 shares during the period. 99.36% of the stock is owned by hedge funds and other institutional investors.

About FTI Consulting

FTI Consulting, Inc is a global business advisory firm providing multidisciplinary solutions designed to address complex challenges and strategic opportunities. The company’s primary service offerings encompass corporate finance & restructuring, economic consulting, forensic & litigation consulting, strategic communications, and technology. These capabilities enable clients to manage financial distress, navigate regulatory environments, resolve disputes, build trust with stakeholders, and leverage data-driven insights.

In its corporate finance & restructuring practice, FTI delivers restructuring, interim management, and transaction advisory services to companies facing operational or financial pressures.