FTI Consulting (NYSE:FCN) Releases Earnings Results

FTI Consulting (NYSE:FCN) announced its earnings results on Thursday. The business services provider reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.10), FiscalAI reports. FTI Consulting had a return on equity of 15.14% and a net margin of 6.88%.The company had revenue of $993.46 million for the quarter, compared to analyst estimates of $997.57 million. During the same quarter in the previous year, the company posted $2.13 earnings per share. FTI Consulting’s revenue for the quarter was up 5.3% on a year-over-year basis. FTI Consulting updated its FY 2026 guidance to 8.700-9.300 EPS.

Here are the key takeaways from FTI Consulting’s conference call:

• Adjusted EBITDA declined year over year to $104.5 million, or 10.5% of revenue, despite record revenue, as higher direct costs and SG&A—including $6.6 million in extraordinary litigation expenses—more than offset growth.
• FTI lowered its full-year GAAP EPS guidance to $8.70–$9.30 from $8.90–$9.60, while maintaining revenue guidance of $3.94 billion–$4.10 billion; U.K. case-timing issues and ongoing Middle East geopolitical disruption add uncertainty.
• Second-quarter revenue rose 5.3% year over year to a record level, led by CorpFin, Technology, and FLC. CorpFin grew 8.5%, Technology grew 18.4%, and global restructuring revenue increased 8% in the first half despite a softer overall market.
• Econ showed meaningful sequential improvement, with revenue up $13.2 million and adjusted EBITDA up $14.7 million; management expects the segment to stop being a year-over-year drag on revenue and EBITDA in the second half.
• FTI repurchased 2.6 million shares for $390.9 million during the quarter, with approximately $344 million remaining under its authorization, and expanded its revolver from $900 million to $1.5 billion to increase financial flexibility.

FTI Consulting Trading Down 4.1%

NYSE FCN opened at $163.44 on Friday. FTI Consulting has a 12 month low of $137.65 and a 12 month high of $189.30. The stock has a 50-day simple moving average of $155.35 and a 200 day simple moving average of $165.37. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $4.93 billion, a PE ratio of 19.43 and a beta of -0.04.

Key FTI Consulting News

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

• Positive Sentiment: Second-quarter revenue reached a record $993.5 million, up 5.3% year over year and broadly in line with analyst expectations. Growth was led by Corporate Finance, Technology, and Forensic and Litigation Consulting. FTI Consulting Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Adjusted EPS increased to $2.16 from $2.13 a year earlier, excluding $6.6 million in extraordinary litigation-related expenses. Operating cash flow improved substantially, and FTI repurchased 2.6 million shares for $390.9 million during the quarter, supporting per-share results.
• Positive Sentiment: Management 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 also suggested FCN could be modestly undervalued if the revenue outlook is achieved. FTI Consulting Could Be 6% Undervalued
• Neutral Sentiment: On the earnings call, management described demand as resilient and expressed confidence in FTI’s long-term trajectory, while cautioning that the event-driven consulting business can produce uneven quarterly results. FTI Consulting Q2 2026 Earnings Call Transcript
• Negative Sentiment: Adjusted EPS of $2.16 missed the $2.26 consensus estimate, while GAAP EPS fell to $1.99 from $2.13. Net income declined to $57.8 million from $71.7 million, and adjusted EBITDA margin contracted 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 roughly $9.23 analyst consensus. Higher direct costs, SG&A, interest expense and weaker Economic Consulting profitability pressured results.
• Negative Sentiment: Debt net of cash rose to $856.3 million, primarily because of buybacks, increasing financial leverage and potentially limiting flexibility.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FCN. Weiss Ratings downgraded FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Truist Financial boosted their target price on FTI Consulting from $165.00 to $180.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. The Goldman Sachs Group set a $169.00 price target on FTI Consulting in a research note on Tuesday, May 19th. Finally, Wall Street Zen cut FTI Consulting from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, FTI Consulting currently has an average rating of “Hold” and a consensus target price of $174.50.

Insider Transactions at FTI Consulting

In other news, CFO Eun Nam acquired 2,000 shares of FTI Consulting stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $144.59 per share, with a total value of $289,180.00. Following the purchase, the chief financial officer directly owned 21,592 shares of the company’s stock, valued at $3,121,987.28. The trade was a 10.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven Henry Gunby bought 10,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of $144.17 per share, with a total value of $1,441,700.00. Following the purchase, the chief executive officer directly owned 326,984 shares of the company’s stock, valued at approximately $47,141,283.28. This represents a 3.15% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 14,400 shares of company stock worth $2,076,576. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased its holdings in shares of FTI Consulting by 1,278.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 193 shares of the business services provider’s stock worth $31,000 after acquiring an additional 179 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of FTI Consulting during the first quarter worth about $33,000. Global Retirement Partners LLC bought a new position in shares of FTI Consulting during the 4th quarter valued at about $41,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of FTI Consulting by 4,400.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 270 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 264 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of FTI Consulting by 258.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 294 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 212 shares during the period. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting announced that its board has approved a share repurchase plan on Friday, June 5th that authorizes the company to repurchase $370.00 million in shares. This repurchase authorization authorizes the business services provider to buy 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 stock is undervalued.

FTI Consulting Company Profile

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.