Huron Consulting Group Earnings: Here’s Why Investors are Ambivalent Now
Huron Consulting Group Inc. (NASDAQ:HURN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Huron Consulting Group Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 292.31% to $0.51 in the quarter versus EPS of $0.13 in the year-earlier quarter.
Revenue: Rose 7.61% to $164.03 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Huron Consulting Group Inc. reported adjusted EPS income of $0.51 per share. By that measure, the company beat the mean analyst estimate of $0.45. It beat the average revenue estimate of $159.29 million.
Quoting Management: “Huron’s first quarter results were a solid start to 2013, primarily due to the continuing challenges within our clients’ markets,” said James H. Roth, chief executive officer and president, Huron Consulting Group. “Uncertainties brought about by healthcare reform, reimbursement issues, and the competitive environment facing most hospitals and academic medical centers provide an opportune base for us to deliver value to our provider clients. Colleges and universities are also facing a rapidly changing competitive environment. Collectively, these factors give us confidence that demand for our services will continue at a solid pace throughout 2013.”
Key Stats (on next page)…