NASDAQ$HURN

Huron Consulting Group Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Huron's Q3 2022 financial results were announced, showcasing revenue growth and increased profitability.

Huron reported a strong third quarter with a 27.4% increase in revenues, driven by growth in the Digital capability and the Education and Healthcare segments. Net income and adjusted EBITDA also saw significant increases, reflecting favorable market conditions and strong demand.

  • Revenues increased by 27.4% to $285.4 million compared to Q3 2021.
  • Digital capability revenues grew by 45.5% compared to Q3 2021.
  • Net income increased by 29.2% to $17.7 million compared to Q3 2021.
  • Adjusted EBITDA increased by 38.1% to $36.5 million compared to Q3 2021.

Headline financials

Total Revenue

$292M

Previous: $228M+28.3%
EPS (adj)

$1.01

Previous: $0.78+29.5%
Revenue Professionals

4.6K

No prior period
Consulting Utilization

72.5%

No prior period
Digital Utilization

70.1%

No prior period
Capital Expenditures

-$9.77M

Previous: -$8.92M-9.5%
Free Cash Flow

$7.97M

Previous: $4.81M+65.8%
Net Income

$17.7M

Previous: $13.7M+29.2%
Operating Income

$29.3M

Previous: $18.3M+60.1%
Gross Profit

$98.8M

Previous: $69M+43.3%
Cash & Equivalents

$8.83M

Previous: $11.2M-21.1%
Total Assets

$1.19B

Previous: $1.05B+13.8%
Stock-Based Comp

$7.92M

Previous: $6.41M+23.5%

Revenue & EPS history

Huron · Revenue · Quarterly

$292M

Q3 2022+28.3%vs Q3 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Huron · $285M total across 3 segments · Q3 2022

  • Healthcare
    $131M+41.4%
  • Education
    $94.3M+54.2%
  • Commercial
    $59.7M

Forward guidance

Huron increased and narrowed its full year 2022 revenue guidance to a range of $1.09 billion to $1.11 billion. The company anticipates adjusted EBITDA as a percentage of revenues in a range of 11.5% to 12.0% and non-GAAP adjusted diluted earnings per share in a range of $3.25 to $3.35.

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 Q3 2022

Historical avgQ3 2022

+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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