Huron Targets 11.7% Q4 Revenue Growth After $441.3M Q3 Beat
Huron Consulting Group posted Q3 revenue of $441.3 million, a 16.7% year-on-year increase, and beat analysts’ EPS and revenue forecasts. Wall Street forecasts 11.7% Q4 revenue growth versus last year’s 14.1% gain, with shares down 27.3% this month against an average $215.50 price target.
1. Q3 Performance
Huron delivered $441.3 million in Q3 revenue, up 16.7% year on year, and beat both EPS and revenue estimates in a strong quarter for the consulting firm.
2. Q4 Expectations
Analysts forecast 11.7% revenue growth for Q4, a slowdown from last year’s 14.1% increase, with consensus estimates largely unchanged over the past month despite past revenue misses.
3. Peer Comparisons
Peers Exponent and Genpact reported 4.5% and 5.6% year-on-year revenue growth respectively, topping forecasts by 1% and 0.8%, and saw shares rise over 7% following their results.
4. Share Price Trends and Targets
Huron shares have fallen 27.3% over the last month compared with a 6.4% sector decline, trading at $131.53 against an average analyst price target of $215.50.