NASDAQ$HURN

Huron Consulting Group Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Huron's Q2 2020 financial results were announced with revenues declining slightly but net income increasing.

Huron announced its Q2 2020 financial results, reporting a slight decrease in revenues compared to the previous year, but an increase in net income. The company's Healthcare business experienced weakness, while the Business Advisory and Education segments showed solid growth. Huron provided full-year 2020 revenue guidance between $820 million to $860 million.

  • Revenues were $217.9 million in Q2 2020, a slight decrease from $220.8 million in Q2 2019.
  • Net income from continuing operations increased to $13.6 million in Q2 2020, up from $10.6 million in Q2 2019.
  • Adjusted EBITDA was $27.5 million in Q2 2020, compared to $29.2 million in Q2 2019.
  • Diluted earnings per share from continuing operations increased to $0.61 in Q2 2020 from $0.47 in Q2 2019.

Headline financials

Total Revenue

$221M

Previous: $244M-9.6%
EPS (adj)

$0.68

Previous: $0.76-10.5%
Capital Expenditures

-$4.42M

Previous: -$6.38M+30.8%
Free Cash Flow

$9.13M

Previous: $4.09M+123.3%
Net Income

$13.5M

Previous: $10.5M+29.4%
Operating Income

$16M

Previous: $17.9M-10.7%
Gross Profit

$67.1M

Previous: $77.8M-13.8%
Cash & Equivalents

$83.2M

Previous: $9.18M+806.7%
Total Assets

$1.13B

Previous: $1.11B+1.0%
Stock-Based Comp

$6.02M

Previous: $6.12M-1.5%

Revenue & EPS history

Huron · Revenue · Quarterly

$221M

Q2 2020-9.6%vs Q2 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Huron · $147M total across 2 segments · Q2 2020

  • Healthcare
    $85.4M
  • Education
    $62M

Forward guidance

Huron provided full year 2020 revenue guidance between $820 million to $860 million. The company anticipates adjusted EBITDA as a percentage of revenues in a range of 9% to 10% and non-GAAP adjusted diluted earnings per share in a range of $1.50 to $1.80.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.8%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+0.2%

Avg return

30 days after

60%

41 / 68 earnings

Positive

+19.6%

Q3 2018

Best reaction

-24.2%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.1%-9.2%-19.0%
Q4 2025+5.8%+14.3%-2.9%
Q3 2025+11.2%+8.7%+8.0%
Q1 2025-0.8%+9.1%+5.1%
Q4 2024+18.2%+18.4%+13.5%
Q3 2024+11.5%+10.5%+18.8%
Q2 2024-3.1%-4.4%-4.9%
Q1 2024-7.1%-7.9%-8.3%
Q4 2023-12.3%-7.1%-9.7%
Q3 2023+1.0%+2.6%+8.1%
Q2 2023+15.6%+20.9%+21.8%
Q1 2023-12.6%-14.5%-5.8%
Q4 2022+15.9%+14.0%+13.5%
Q3 2022+3.0%+2.2%+7.2%
Q2 2022+1.9%+2.2%+4.6%
Q1 2022+6.1%+2.4%+16.3%
Q4 2021+3.3%+4.6%-1.9%
Q3 2021-0.0%+3.3%-7.2%
Q2 2021+3.5%-0.4%+4.9%
Q1 2021+0.1%-0.7%-6.8%
Q4 2020-9.2%-13.9%-16.0%
Q3 2020+7.3%+1.7%+15.8%
Q2 2020+8.9%+6.8%+0.8%
Q1 2020-16.8%-22.3%-18.1%
Q4 2019+1.7%-8.5%-27.2%
Q3 2019+9.6%+10.3%+11.0%
Q2 2019+10.5%+5.9%+10.9%
Q1 2019+0.6%+2.0%+2.1%
Q4 2018-12.1%-12.5%-12.0%
Q3 2018+19.6%+16.0%+20.4%
Q2 2018+4.1%+6.2%+13.3%
Q1 2018-6.4%-7.7%+8.1%
Q4 2017-17.5%-15.9%-10.1%
Q3 2017+4.6%+4.6%+9.6%
Q2 2017-13.8%-15.4%-27.4%
Q1 2017+2.8%+0.0%-6.6%
Q4 2016+1.5%-7.5%-10.7%
Q3 2016-15.3%-12.3%-8.2%
Q2 2016-3.1%-4.5%-1.2%
Q1 2016-6.0%
Q4 2015-3.1%
Q3 2015-24.2%
Q2 2015+10.7%
Q4 2011+10.7%
Q1 2015-8.1%
Q4 2014-13.1%
Q3 2014+3.1%
Q2 2014+1.8%
Q1 2014+13.7%
Q4 2013+2.3%
Q3 2013-6.2%
Q2 2013+8.1%
Q1 2013+0.9%
Q4 2012+3.4%
Q3 2012-9.1%
Q2 2012-0.6%
Q1 2012+2.5%
Q3 2011+7.1%
Q2 2011+6.7%
Q1 2010+1.5%
Q1 2011+1.2%
Q4 2010-2.6%
Q4 2008-2.6%
Q3 2009+13.7%
Q3 2010+13.7%
Q2 2009-3.9%
Q4 2009-3.9%
Q2 2010-3.9%

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