What To Expect From Huron's (HURN) Q3 Earnings

Professional services firm Huron Consulting Group (NASDAQ:HURN) will be reporting earnings this Tuesday afternoon. Here’s what investors should know.

Huron missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $411.8 million, up 8.1% year on year. It was a strong quarter for the company, with full-year revenue guidance topping analysts’ expectations and a beat of analysts’ EPS estimates.

Is Huron a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Huron’s revenue to grow 14.2% year on year to $431.9 million, improving from the 2.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.88 per share.

Analysts covering the company have generally 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 four times over the last two years.

Looking at Huron’s peers in the professional services 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 3.3%, beating analysts’ expectations by 1.2%, and Concentrix reported revenues up 4%, topping estimates by 1%. FTI Consulting traded up 1.3% following the results while Concentrix was down 13.3%.

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 flat over the last month. Huron is up 5.6% during the same time and is heading into earnings with an average analyst price target of $171.50 (compared to the current share price of $153.07).

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