Professional services firm Huron Consulting Group (NASDAQ:HURN) will be reporting results this Tuesday afternoon. Here's what to expect.
Huron beat analysts' revenue expectations last quarter, reporting revenues of $451.8 million, up 11.8% year on year. It was a satisfactory quarter for the company, with a beat of analysts' EPS estimates but a slight miss of analysts' full-year EPS guidance estimates.
Is Huron a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members .
This quarter, the market is expecting Huron's revenue to grow 11.8% year on year, improving from the 8.1% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Huron has missed Wall Street's revenue estimates multiple times over the last two years.
Looking at Huron's peers in the professional services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Concentrix delivered year-on-year revenue growth of 1.9%, meeting analysts' expectations, and ManpowerGroup reported revenues up 7.5%, topping estimates by 2.9%. Concentrix traded down 11.2% following the results while ManpowerGroup was up 34.1%.
Read our full analysis of Concentrix's results here and ManpowerGroup's results here .
Investors in the professional services segment have had steady hands going into earnings, with share prices up 1.1% on average over the last month. Huron is up 17.4% during the same time and is heading into earnings with an average analyst price target of $184.25 (compared to the current share price of $112.30).
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