Huron Consulting Group Earnings: Everything You Must Know Now
Huron Consulting Group Inc. (NASDAQ:HURN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Huron Consulting Group Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 102.7% to $0.75 in the quarter versus EPS of $0.37 in the year-earlier quarter.
Revenue: Rose 7.02% to $170.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Huron Consulting Group Inc. reported adjusted EPS income of $0.75 per share. By that measure, the company beat the mean analyst estimate of $0.61. It beat the average revenue estimate of $165.51 million.
Quoting Management: “Huron’s strong performance in the second quarter reflects solid demand for our health and education solutions,” said James H. Roth, chief executive officer and president, Huron Consulting Group. “The continued market pressures on our health and education clients to increase quality and reduce costs are the fundamental drivers behind Huron’s operating performance. The pace of change and demand for our services within our core markets are likely to drive future growth, and we are pleased that the quality of our personnel and the value we deliver remain well-recognized in the marketplace.”
Key Stats (on next page)…
Revenue decreased 5% from $179.37 million in the previous quarter. EPS increased 47.06% from $0.51 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.74 to a profit $0.71. For the current year, the average estimate is a profit of $2.60, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)