Huron Consulting Group (NASDAQ:HURN) Announces Earnings Results, Beats Estimates By $0.29 EPS

Huron Consulting Group (NASDAQ:HURN) posted its quarterly earnings data on Tuesday. The business services provider reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.29, FiscalAI reports. Huron Consulting Group had a net margin of 5.94% and a return on equity of 29.41%. The business had revenue of $475.04 million during the quarter, compared to analysts’ expectations of $448.98 million. During the same quarter in the prior year, the business posted $1.89 earnings per share. Huron Consulting Group’s revenue was up 15.7% compared to the same quarter last year. Huron Consulting Group updated its FY 2026 guidance to 9.000-9.400 EPS.

Here are the key takeaways from Huron Consulting Group’s conference call:

• Record second-quarter performance: Revenue before reimbursable expenses rose 15.7% year over year to $465.6 million, while adjusted EPS increased 30.2% to $2.46 and adjusted EBITDA margin expanded to 15.6%.
• Huron raised and narrowed its 2026 guidance, now expecting RBR of $1.85 billion-$1.89 billion and adjusted EPS of $9.00-$9.40, while maintaining its 14.5%-15% adjusted EBITDA margin outlook.
• AI is increasing demand: Digital bookings grew more than 20% in the first half, with over 60% involving direct AI work or AI-enabled delivery; management expects double-digit digital growth in the second half.
• Growth was broad-based, led by healthcare RBR growth of 17.4% and managed services growth of 64%, education growth of 7.8%, and commercial growth of 24.6%; the RelateCare acquisition is expected to add about $30 million of 2026 RBR and approximately $0.10 of adjusted EPS.
• Operating cash flow reached $120.5 million and free cash flow was $111.3 million in the quarter, supporting $53.1 million of share repurchases, though net debt remained $802.8 million and management expects corporate expenses to rise at a low-double-digit rate in 2026.

Huron Consulting Group Price Performance

NASDAQ:HURN traded up $32.96 on Wednesday, hitting $154.33. The company had a trading volume of 122,594 shares, compared to its average volume of 283,654. Huron Consulting Group has a 52 week low of $84.88 and a 52 week high of $186.77. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 2.10. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 26.32 and a beta of 0.12. The firm has a 50 day moving average of $105.25 and a two-hundred day moving average of $127.51.

Analysts Set New Price Targets

HURN has been the topic of several analyst reports. Wall Street Zen lowered shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Truist Financial reduced their target price on Huron Consulting Group to $155.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Wedbush reissued an “outperform” rating and set a $160.00 price target on shares of Huron Consulting Group in a report on Wednesday, May 6th. Weiss Ratings downgraded Huron Consulting Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Finally, Barrington Research reaffirmed an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, June 17th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $184.25.

Key Huron Consulting Group News

Here are the key news stories impacting Huron Consulting Group this week:

• Positive Sentiment: Q2 results exceeded expectations. Huron reported adjusted earnings of $2.46 per share, above the $2.13-$2.17 analyst estimates, while revenue reached $475.0 million versus expectations of approximately $449.0 million. EPS increased from $1.89 a year earlier. Huron Consulting Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Record organic growth was reported across the business. Second-quarter revenue before reimbursable expenses rose 16% year over year, with record performance in Consulting and Managed Services and Digital capabilities. The broad-based growth suggests healthy demand rather than reliance on a single operating segment. Huron Announces Record Second Quarter 2026 Financial Results and Increases 2026 Guidance
• Positive Sentiment: Full-year 2026 guidance was raised above consensus. Huron now expects EPS of $9.00-$9.40, compared with analyst expectations near $8.81-$8.71, and revenue of roughly $1.9 billion versus consensus of about $1.8 billion. The updated outlook improves confidence in continued earnings momentum. Huron Reports Strong Q2 and Outlook Exceeds Expectations
• Neutral Sentiment: Board expanded its expertise. Huron appointed Dr. L. Thomas Richards to its board and governance, finance and cybersecurity committees. The move may strengthen oversight but is unlikely to be a major near-term earnings catalyst. Huron Consulting Adds Dr. Richards to Board

Insiders Place Their Bets

In other news, Director Ekta Singh-Bushell sold 443 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $118.44, for a total transaction of $52,468.92. Following the completion of the transaction, the director directly owned 13,646 shares in the company, valued at approximately $1,616,232.24. This represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joy Brown sold 1,821 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $105.01, for a total value of $191,223.21. Following the sale, the director directly owned 8,575 shares in the company, valued at approximately $900,460.75. This trade represents a 17.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 2,862 shares of company stock valued at $314,519. 2.07% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Huron Consulting Group

Institutional investors have recently added to or reduced their stakes in the business. Kemnay Advisory Services Inc. bought a new position in shares of Huron Consulting Group during the fourth quarter valued at $39,000. Brown Brothers Harriman & Co. bought a new stake in shares of Huron Consulting Group in the third quarter worth $35,000. Advisory Services Network LLC acquired a new stake in Huron Consulting Group in the third quarter valued at $36,000. Mcguire Capital Advisors Inc. acquired a new stake in Huron Consulting Group in the fourth quarter valued at $50,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in Huron Consulting Group by 682.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 313 shares of the business services provider’s stock worth $46,000 after purchasing an additional 273 shares during the last quarter. 93.90% of the stock is owned by institutional investors.

Huron Consulting Group Company Profile

Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.