RFLR Overview

Analyst Rating and Performance: J.P. Morgan analyst Alejandra Magana maintains a Neutral rating on California Resources Corporation (CRC) with a price target of $63, noting a strong fourth quarter despite missing EPS and revenue estimates, while highlighting challenges from California regulations and potential oversupply concerns in 2025.

Regulatory Challenges and Opportunities: The company is facing stalled permit inventory due to regulatory revisions and may encounter further local restrictions; however, it is exploring clean power initiatives and has unique opportunities in carbon capture and storage (CCS).

Financial Performance: Korn Ferry reported third-quarter FY25 results with flat revenue of $676.5 million, exceeding expectations, and an adjusted EBITDA increase to $114.5 million. The company also announced a 30% dividend increase and repurchased shares worth $17.9 million.

Future Outlook: The company anticipates fourth-quarter adjusted EPS between $1.22 and $1.30, with fee revenue projected at $680 million to $700 million, while KFY shares rose 2.37% in premarket trading.

Financial Performance: Korn Ferry reported a 4.3% year-over-year decline in revenue to $681.96 million, although this exceeded expectations. Adjusted EBITDA increased to $117 million, and the company declared a quarterly dividend of $0.37 per share.

Future Outlook: The company anticipates third-quarter adjusted EPS between $1.06-$1.18 and fee revenue of $635 million-$665 million, while also investing in new solutions like the Korn Ferry Talent Suite and expanding its offerings in EMEA through a recent investment.