Professional services firm Huron Consulting Group (NASDAQ:HURN) will be reporting results tomorrow afternoon. Here’s what to look for.
Huron beat analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $399.3 million, up 14.1% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EPS estimates.
This quarter, analysts are expecting Huron’s revenue to grow 10.3% year on year to $401 million, in line with the 11.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.16 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 three times over the last two years.
Looking at Huron’s peers in the business process outsourcing & consulting segment, some have already reported their Q1 results, giving us a hint as to what we can expect. FTI Consulting’s revenues decreased 3.3% year on year, missing analysts’ expectations by 0.9%, and Concentrix reported a revenue decline of 1.3%, in line with consensus estimates. FTI Consulting traded down 3.3% following the results while Concentrix was up 42.3%.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the business process outsourcing & consulting stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.1% on average over the last month. Huron is down 4.9% during the same time and is heading into earnings with an average analyst price target of $169.25 (compared to the current share price of $136.40).
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