Huron Consulting (HURN) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Huron Consulting (HURN) - Huron Consulting currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] Performance Metrics - HURN shares have increased by 9.86% over the past week, outperforming the Zacks Consulting Services industry, which rose by 1.97% [5] - Over the last quarter, HURN shares rose by 17.05%, and over the past year, they have surged by 71.84%, while the S&P 500 experienced declines of -5.82% and gains of 9.94%, respectively [6] - The average 20-day trading volume for HURN is 236,109 shares, indicating a bullish trend when combined with rising stock prices [7] Earnings Outlook - In the past two months, three earnings estimates for HURN have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $7.15 to $7.39 [9] - For the next fiscal year, three estimates have also moved higher, reflecting positive sentiment regarding the company's earnings potential [9] Conclusion - Given the strong performance metrics and positive earnings outlook, HURN is identified as a solid momentum pick and is recommended for consideration in the near term [11]