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Huron Consulting(HURN) - 2024 Q2 - Quarterly Results
2024-07-30 20:19
Exhibit 99.1 NEWS FOR IMMEDIATE RELEASE abovis@hcg.com MEDIA CONTACT Allie Bovis YEAR-TO-DATE 2024 HIGHLIGHTS AND 2024 GUIDANCE • Total revenues increased $24.9 million, or 7.2%, to a record $371.7 million in Q2 2024 from $346.8 million in Q2 2023. • Net income increased $12.8 million, or 51.7%, to $37.5 million in Q2 2024, compared to $24.7 million in Q2 2023. Results for Q2 2024 include an $11.1 million litigation settlement gain, net of tax, related to a completed legal matter for which Huron was the pla ...
3 Reasons Growth Investors Will Love Huron Consulting (HURN)
Zacks Investment Research· 2024-05-02 17:46
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help ...
Huron Consulting(HURN) - 2024 Q1 - Quarterly Report
2024-04-30 20:29
(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 000-50976 HURON CONSULTING GROUP INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organ ...
Huron Consulting(HURN) - 2024 Q1 - Quarterly Results
2024-04-30 20:26
Financial Performance - Total revenues increased by $38.1 million, or 12.0%, to $356.0 million in Q1 2024 from $317.9 million in Q1 2023[5] - Net income rose by $4.6 million, or 34.2%, to $18.0 million in Q1 2024, compared to $13.4 million in Q1 2023[7] - Adjusted EBITDA increased by $4.3 million, or 14.6%, to $33.8 million in Q1 2024, representing 9.5% of revenues[7] - Diluted earnings per share increased by $0.27, or 39.7%, to $0.95 in Q1 2024, compared to $0.68 in Q1 2023[5] - Adjusted net income for Q1 2024 was $23.254 million, up from $17.057 million in Q1 2023, reflecting a 36.5% increase[26] - Adjusted diluted earnings per share increased to $1.23 in Q1 2024 from $0.87 in Q1 2023, a rise of 41.4%[26] Revenue Segments - Healthcare segment revenues grew by 21.3% to $180,742,000, with operating income increasing by 32.4% to $42,694,000[21] - Education segment revenues increased by 7.1% to $111,583,000, but operating income decreased by 5.2% to $21,956,000[21] - Commercial segment revenues slightly declined by 1.6% to $63,636,000, with operating income remaining stable at $14,039,000[21] Shareholder Returns - Huron returned $62.3 million to shareholders by repurchasing 0.6 million shares, representing 3.4% of the company's common stock outstanding[5] Guidance and Expectations - Huron affirms full year 2024 revenue guidance in the range of $1.46 billion to $1.54 billion[9] - Adjusted diluted earnings per share expectation for full year 2024 increased to a range of $5.60 to $6.10[5] Operational Metrics - The number of revenue-generating professionals increased by 15.8% to 5,803 as of March 31, 2024[7] - The utilization rate for the company's Digital capability increased to 74.3% in Q1 2024, compared to 71.0% in the same period last year[7] - The number of revenue-generating professionals increased by 15.8% to 5,803, with significant growth in the Healthcare segment, which saw a 28.0% increase[21] Cash Flow and Debt - Total cash and cash equivalents at the end of the period were $18,642,000, up from $12,149,000 at the beginning of the period[19] - Cash flows from operating activities showed a net cash used of $130,724,000, compared to $92,101,000 in the same period last year[19] - Long-term debt increased to $558,897,000, up from $324,000,000, indicating a significant rise in leverage[21] Strategic Initiatives - Huron closed its acquisition of GG+A on March 1, 2024, enhancing its advisory capabilities in philanthropic programs[5] - The company continues to focus on strategic adjustments and reclassifications to optimize revenue generation across its segments[24] - Management emphasizes the use of non-GAAP measures like adjusted EBITDA and adjusted net income for evaluating financial performance and future prospects[26]
Huron Consulting (HURN) Upgraded to Strong Buy: Here's What You Should Know
Zacks Investment Research· 2024-04-18 17:01
Investors might want to bet on Huron Consulting (HURN) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing ...
3 Reasons Why Growth Investors Shouldn't Overlook Huron Consulting (HURN)
Zacks Investment Research· 2024-03-18 17:46
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy w ...
Here's Why Huron Consulting (HURN) Could be Great Choice for a Bottom Fisher
Zacks Investment Research· 2024-03-07 15:56
The price trend for Huron Consulting (HURN) has been bearish lately and the stock has lost 5.8% over the past two weeks. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor ...
Huron Closes Acquisition of Philanthropic Management Consulting Firm GG+A
Businesswire· 2024-03-04 14:05
CHICAGO--(BUSINESS WIRE)--Global professional services firm Huron (NASDAQ: HURN) today announced it has completed its acquisition of GG+A, a leading philanthropic management consulting firm. This acquisition brings together two organizations with a shared passion for empowering education institutions and healthcare, arts, and other nonprofit organizations to build and accelerate philanthropic programs to support their mission and deepen their impact on society. “ We are thrilled to welcome GG+A to team Hur ...
Are Investors Undervaluing Huron Consulting Group (HURN) Right Now?
Zacks Investment Research· 2024-03-01 15:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-an ...
Is Huron Consulting (HURN) a Solid Growth Stock? 3 Reasons to Think "Yes"
Zacks Investment Research· 2024-02-29 18:46
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond ...