Franklin Covey Co. (NYSE: FC) lowered its fiscal 2026 revenue guidance to a range of $260 million to $267 million, falling short of the analyst consensus estimate of $267.445 million. The revised outlook compares to the company's previous forecast of $265 million to $275 million. This adjustment reflects a more conservative view of revenue growth for the fiscal year, driven by timing shifts in contracted services, state budget cuts, and international challenges. Shares fell 19.7% to $20.07 in pre-market trading, extending a sharp decline from the previous session after closing at $24.99.

The company reported third-quarter revenue of $67.8 million, an increase of 1% compared to the prior-year period. However, this figure missed the analyst consensus estimate of $68.334 million. On the earnings front, Franklin Covey reported net income of $3.1 million, or $0.27 per share, marking a significant turnaround from a net loss of $1.4 million, or $(0.11) per share, reported in the same period last year. The earnings result missed the analyst consensus estimate of $0.28 per share.

Financial Performance

Adjusted EBITDA for the third quarter was $8.3 million, an increase of 14% compared to last year's third quarter. The company maintained its adjusted EBITDA guidance for the full year within a narrower range of $28 million to $31 million. Deferred revenue at the end of the third quarter was $96 million, up 7% year over year, establishing a strong foundation for future growth.

Divisional Results

The Enterprise division reported revenue of $48.1 million, 2% higher than the prior year. Invoiced amounts in Enterprise North America grew 4% in the third quarter, while the Education division reported revenue of $19 million, a 2% increase driven primarily by an 11% rise in subscription revenue.

Trading Metrics

Franklin Covey has a market capitalization of approximately $281.7 million. The stock has traded between a 52-week high of $26.81 and a 52-week low of $11.16. Over the past 12 months, FC shares are up approximately 3.39%. Since the year began, the stock has shot up over 50%.

Analyst Ratings

Franklin Covey Co. is set to announce its third quarter fiscal 2026 financial results after the market closes on Wednesday, July 1, 2026. The company, a global leadership and organizational performance partner, will host a conference call later that day to discuss the performance details. Investors and interested parties can access the live webcast or participate via telephone to hear management's commentary on the quarterly outcomes.

The conference call is scheduled to begin at 5:00 p.m. ET (3:00 p.m. MT) on July 1, 2026. To join the telephonic session, participants must register in advance through the provided portal. Upon registration, attendees can either dial in using a personalized PIN or select the "Call Me" option to receive an automated call connecting them directly to the briefing.

Access and Replay Details

Franklin Covey has provided multiple channels for stakeholders to access the earnings briefing. The live webcast will be available online, ensuring broad accessibility for global investors. For those unable to attend the live session, the company will archive a replay of the conference call webcast on its official website.

The archived replay will remain accessible for at least 30 days following the event, allowing investors to review the management's discussion at their convenience.