Huron Consulting (HURN) Q3 Earnings Top Estimates

Core Viewpoint - Huron Consulting (HURN) reported quarterly earnings of $1.68 per share, exceeding the Zacks Consensus Estimate of $1.58 per share, and showing an increase from $1.39 per share a year ago, indicating a positive earnings surprise of 6.33% [1][2] Financial Performance - The company posted revenues of $370.05 million for the quarter ended September 2024, which was 2.02% below the Zacks Consensus Estimate, compared to $358.18 million in the same quarter last year [2] - Over the last four quarters, Huron Consulting has surpassed consensus EPS estimates four times but has only topped revenue estimates once [2] Stock Performance and Outlook - Huron Consulting shares have increased by approximately 1.3% since the beginning of the year, while the S&P 500 has gained 22.1% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $1.53, with expected revenues of $376.54 million, and for the current fiscal year, the estimate is $5.95 on revenues of $1.48 billion [7] - The estimate revisions trend for Huron Consulting is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Consulting Services industry, to which Huron Consulting belongs, is currently ranked in the top 30% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]