Huron Consulting Group (HURN) Misses Q1 EPS by 1c

Huron Consulting Group (NASDAQ: HURN) reported Q1 EPS of $0.35, $0.01 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $203.2 million versus the consensus estimate of $198.29 million.

“Our first quarter financial results were in line with our expectations as we saw signs of recovery in our healthcare and education businesses and continued momentum in the business advisory segment. Increases in our sales pipeline and the pace of signings in our healthcare and education businesses, in particular, give us confidence to raise and narrow our full year guidance,” said James H. Roth, chief executive officer, Huron. “We continue to invest in our business to achieve our strategic growth objectives, including managed services, technology and analytics. The disruption facing our clients and primary end markets is substantial, stemming from the impacts of the COVID-19 pandemic as well as the rapidly evolving competitive landscape, and we believe this disruption creates significant opportunities for long-term growth for Huron.”

GUIDANCE:

Huron Consulting Group sees FY2021 revenue of $850-900 million, versus the consensus of $859.6 million.

For earnings history and earnings-related data on Huron Consulting Group (HURN) click here.

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