NASDAQ$HURN

Huron Consulting Group Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Huron's Q4 2023 financial results were announced, showing revenue growth and increased adjusted EBITDA, but net income and diluted earnings per share were negatively impacted by a non-cash unrealized loss.

Huron announced its Q4 2023 financial results, with total revenues increasing by 8.1% to $339.2 million. However, net income decreased to $2.8 million, and diluted earnings per share decreased to $0.15, due to a non-cash unrealized loss. Adjusted EBITDA increased by 5.9% to $41.4 million, and adjusted diluted earnings per share increased by 15.2% to $1.29.

  • Total revenues increased by 8.1% to $339.2 million compared to Q4 2022.
  • Net income was $2.8 million, impacted by a non-cash unrealized loss.
  • Adjusted EBITDA increased by 5.9% to $41.4 million.
  • Adjusted diluted earnings per share increased by 15.2% to $1.29.

Headline financials

Total Revenue

$350M

Previous: $314M+11.6%
EPS (adj)

$1.29

Previous: $1.12+15.2%
Revenue Professionals

4.5K

Previous: 4.8K-7.5%
Managed Services Prof.

1.1K

No prior period
Consulting Utilization

76.8%

No prior period
Digital Utilization

80.5%

No prior period
Capital Expenditures

-$10.4M

Previous: $2.78M-475.3%
Net Income

$2.8M

Previous: $17.1M-83.6%
Operating Income

$29.9M

Previous: $25.5M+17.1%
Gross Profit

$105M

Previous: $97.7M+7.6%
Stock-Based Comp

$10.3M

Previous: $7.89M+30.6%

Revenue & EPS history

Huron · Revenue · Quarterly

$350M

Q4 2023+11.6%vs Q4 2022
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 provided full year 2024 revenue guidance in a range of $1.46 billion to $1.54 billion. The company also anticipates adjusted EBITDA as a percentage of revenues in a range of 12.8% to 13.3% and non-GAAP adjusted diluted earnings per share in a range of $5.35 to $5.95.

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 Q4 2023

Historical avgQ4 2023

+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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