## Huron Consulting Group (HURN) Earnings Preview: What to Expect on October 29th
The market is buzzing with anticipation as Huron Consulting Group (HURN) prepares to unveil its quarterly earnings on Tuesday, October 29th, 2024. Investors are on the edge of their seats, hoping for a report that not only beats estimates but also delivers positive guidance for the next quarter. But beyond the headline numbers, there’s a lot more to consider before the announcement.
What Analysts Expect:
Analysts predict Huron Consulting Group will report an earnings per share (EPS) of $1.61. While surpassing these expectations is a positive sign, investors will be closely watching the company’s guidance for the next quarter. This is because market reactions often hinge on guidance rather than just the current quarter’s performance, especially for new investors.
A Look Back at Past Performance:
Last quarter, Huron Consulting Group exceeded EPS estimates by $0.20. However, the following day, the share price experienced a 2.59% drop. This highlights the volatility of the market and emphasizes the importance of a comprehensive view beyond just earnings. Here’s a quick snapshot of Huron Consulting Group’s recent performance and the resulting price changes:
| Quarter | EPS Estimate | EPS Actual | Price Change % |
|—|—|—|—|
| Q2 2024 | 1.48 | 1.68 | -3.0% |
| Q1 2024 | 0.89 | 1.23 | -7.000000000000001% |
| Q4 2023 | 1.13 | 1.29 | -13.0% |
| Q3 2023 | 1.17 | 1.39 | 2.0% |
Tracking Huron Consulting Group’s Stock Performance:
As of October 25th, Huron Consulting Group shares were trading at $103.48. Over the past 52 weeks, the stock has seen a 4.8% increase, suggesting a positive long-term outlook for shareholders. This bullish sentiment is likely to fuel anticipation for the upcoming earnings announcement.
Analyst Views and Market Sentiment:
Understanding market sentiment and expectations is crucial for investors. A total of 3 analyst ratings have been received for Huron Consulting Group, with the consensus rating being “Outperform.” The average one-year price target stands at $138.0, representing a potential 33.36% upside. This positive outlook from analysts is a significant factor to consider when evaluating Huron Consulting Group’s prospects.
Peer Comparisons: Benchmarking Huron Consulting Group:
To gain a broader perspective, let’s compare Huron Consulting Group with its industry peers: NV5 Global, LegalZoom.com, and Planet Labs. This comparison will shed light on their relative performance expectations and market positioning.
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NV5 Global:
Analysts maintain a “Buy” status with an average one-year price target of $130.0, suggesting a potential 25.63% upside.*
LegalZoom.com:
The consensus among analysts is a “Buy” trajectory with an average one-year price target of $8.0, indicating a potential 92.27% downside.*
Planet Labs:
Analysts have assigned an “Outperform” consensus with an average one-year price target of $3.94, implying a potential 96.19% downside.Key Takeaways from Peer Analysis:
This peer analysis reveals some interesting insights:
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Revenue Growth:
Huron Consulting Group ranks at the top with a 7.36% revenue growth rate among its peers.*
Gross Profit:
Huron Consulting Group leads the pack with a gross profit of $122.98 million.*
Return on Equity (ROE):
However, Huron Consulting Group falls to the bottom when it comes to Return on Equity, indicating a potential area for improvement.A Deeper Look at Huron Consulting Group’s Financial Performance:
Market Capitalization:
Huron Consulting Group’s market capitalization is currently below industry benchmarks, potentially impacted by factors such as growth expectations or operational capacity.Revenue Growth:
Huron Consulting Group has displayed positive revenue growth over the past three months, achieving a 7.36% growth rate as of June 30th, 2024. This growth rate, while positive, is lower than the average growth rate among its peers in the Industrials sector.Net Margin:
Huron Consulting Group boasts a strong net margin of 9.84%, exceeding industry averages, highlighting its profitability and effective cost control.Return on Equity (ROE):
Similar to its net margin, Huron Consulting Group’s ROE also stands out, exceeding industry averages at 7.53%. This demonstrates efficient utilization of equity capital.Return on Assets (ROA):
Huron Consulting Group’s ROA surpasses industry averages, reaching 2.8%. This indicates effective utilization of assets and strong financial performance.Debt Management:
Huron Consulting Group’s debt-to-equity ratio is significantly higher than the industry average, reaching 1.11. This signifies a reliance on borrowed funds and potentially raises concerns about financial leverage.About Huron Consulting Group:
Huron Consulting Group Inc. is a professional services firm specializing in strategy, technology, operations, advisory services, and analytics. The company operates through three key segments: Healthcare, Education, and Business Advisory.
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Healthcare:
Huron Consulting Group helps healthcare organizations transform and innovate their delivery models, focusing on patient wellness, improving quality outcomes, minimizing care variation, and improving patient and population health.*
Education:
Huron Consulting Group provides management consulting and technology solutions to educational institutions.*
Business Advisory:
The Business Advisory segment delivers services to large and mid-market organizations, non-profit entities, and private equity firms.The Healthcare segment generates a majority of Huron Consulting Group’s revenue.
Stay Updated on Huron Consulting Group’s Earnings:
To stay up-to-date on all earnings releases for Huron Consulting Group, visit our dedicated earnings calendar.
