Professional services firm Huron Consulting Group (NASDAQ:HURN) will be reporting results this Thursday after the bell. Here’s what to look for.
Huron beat analysts’ revenue expectations by 0.8% last quarter, reporting revenues of $404.1 million, up 11.2% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EPS estimates and a narrow 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.
This quarter, analysts are expecting Huron’s revenue to grow 8.7% year on year to $414.2 million, improving from the 7.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.79 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Huron has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Huron’s peers in the professional services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. FTI Consulting posted flat year-on-year revenue, beating analysts’ expectations by 3.4%, and Concentrix reported revenues up 1.5%, topping estimates by 1.2%. FTI Consulting traded up 3.9% following the results while Concentrix was down 6.3%.
Read our full analysis of FTI Consulting’s results here and Concentrix’s results here.
Investors in the professional services segment have had steady hands going into earnings, with share prices up 1.5% on average over the last month. Huron is down 2.2% during the same time and is heading into earnings with an average analyst price target of $170.75 (compared to the current share price of $134.54).
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