Huron Consulting Group Crushes Earnings Estimates

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Huron Consulting Group (NAS: HURN) reported earnings on July 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Huron Consulting Group beat slightly on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share increased significantly.


Margins expanded across the board.

Revenue details
Huron Consulting Group recorded revenue of $170.4 million. The seven analysts polled by S&P Capital IQ foresaw revenue of $167.5 million on the same basis. GAAP reported sales were 30% higher than the prior-year quarter's $144.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
EPS came in at $0.75. The seven earnings estimates compiled by S&P Capital IQ predicted $0.61 per share. Non-GAAP EPS of $0.75 for Q2 were 103% higher than the prior-year quarter's $0.37 per share. (The prior-year quarter included $0.01 per share in earnings from discontinued operations.) GAAP EPS of $0.69 for Q2 were 138% higher than the prior-year quarter's $0.29 per share. (The prior-year quarter included $0.01 per share in earnings from discontinued operations.)

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
For the quarter, gross margin was 45.1%, 860 basis points better than the prior-year quarter. Operating margin was 16.5%, 520 basis points better than the prior-year quarter. Net margin was 8.4%, 390 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $171.4 million. On the bottom line, the average EPS estimate is $0.71.

Next year's average estimate for revenue is $681.8 million. The average EPS estimate is $2.64.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 212 members out of 233 rating the stock outperform, and 21 members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 53 give Huron Consulting Group a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Huron Consulting Group is buy, with an average price target of $50.00.

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The article Huron Consulting Group Crushes Earnings Estimates originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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