NASDAQ$HURN

Huron Consulting Group Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Huron achieved record revenues and expanded margins, driven by growth in Healthcare and Education segments. The company raised its full year 2024 earnings guidance.

Huron announced record second quarter financial results with a 7.2% increase in total revenues to $371.7 million and a 51.7% increase in net income to $37.5 million. The company raised its full year 2024 earnings guidance, reflecting strong first-half performance.

  • Total revenues increased by 7.2% to a record $371.7 million.
  • Net income increased by 51.7% to $37.5 million, including an $11.1 million litigation settlement gain.
  • Diluted earnings per share increased by 59.8% to $2.03, which includes a $0.60 positive impact from a litigation settlement.
  • Net cash provided by operating activities was a record $107.2 million.

Headline financials

Total Revenue

$381M

Previous: $355M+7.4%
EPS

$2.03

Previous: $1.38+47.1%
Revenue Professionals

4.6K

Previous: 5.2K-11.0%
Managed Services Prof.

1.2K

No prior period
Consulting Utilization

73.7%

Previous: 76.0%-3.0%
Digital Utilization

75.0%

Previous: 74.7%+0.4%
Capital Expenditures

-$3.67M

Previous: -$3.73M+1.6%
Free Cash Flow

$33.8M

Previous: $21M+61.1%
Net Income

$37.5M

Previous: $24.7M+51.7%
Operating Income

$59.4M

Previous: $39.7M+49.6%
Gross Profit

$132M

Previous: $120M+10.6%
Cash & Equivalents

$17.6M

Previous: $16.6M+6.4%
Total Assets

$1.33B

Previous: $1.26B+5.5%
Stock-Based Comp

$11.3M

Previous: $11.6M-2.2%

Revenue & EPS history

Huron · Revenue · Quarterly

$381M

Q2 2024+7.4%vs Q2 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Huron · $358M total across 3 segments · Q3 2023

  • Healthcare
    $179M+36.4%
  • Education
    $111M+17.7%
  • Commercial
    $68M+13.8%

Forward guidance

Huron is narrowing revenue guidance for full year 2024 to a range of $1.46 billion to $1.50 billion and increasing its guidance for adjusted diluted earnings per share to a range of $5.85 to $6.15.

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 2024

Historical avgQ2 2024

+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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