Professional services firm Huron Consulting Group (NASDAQ:HURN) will be reporting results this Tuesday after market hours. Here’s what to expect.
Huron beat analysts’ revenue expectations last quarter, reporting revenues of $475 million, up 15.4% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ full-year EPS guidance estimates.
Is Huron a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Huron’s revenue to grow 11.8% year on year, slowing from the 16.7% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Huron has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Huron’s peers in the business process outsourcing & consulting segment, some have already reported their Q3 results, giving us a hint as to what we can expect. FTI Consulting delivered year-on-year revenue growth of 5.9%, meeting analysts’ expectations, and Concentrix reported a revenue decline of 1.2%, falling short of estimates by 1%. FTI Consulting traded up 14.9% following the results while Concentrix’s stock price was unchanged.
Read our full analysis of FTI Consulting’s results here and Concentrix’s results here.
Investors in the business process outsourcing & consulting segment have had steady hands going into earnings, with share prices up 1.3% on average over the last month. Huron is up 21.1% during the same time and is heading into earnings with an average analyst price target of $202 (compared to the current share price of $193.87).
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