Back to top

Momentum

Michael Vodicka

Huron Consulting Group, Inc.

HURN

 ZacksTrade Now

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Huron Consulting Group, Inc. (HURN - Snapshot Report) has held up well in the recent sell off, finding support from a long-term trend line and strong Q2 results that included a 53% earnings surprise. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock still has momentum.

Company Description

Huron Consulting Group, Inc. provides operational and financial consulting services in the United States. The company was founded in 2002 and has a market cap of $650 million.

Huron has been a top performer in 2011, with shares recently jumping into a new multi-year high after reporting strong Q2 results that came in ahead of expectations.

Second-Quarter Results

Revenue for the period was up 17% from last year to $159 million. Earnings also looked good at 58 cents, 53% ahead of the Zacks Consensus Estimate, where the company has an average earnings surprise of 40% over the last four quarters.

Although the company did see its number of full-time billable consultants increase by 125 to 1,171, its utilization rate fell to 71.9% from 73%. But with the average hourly bill rate increasing $26 to $269, it was enough to juice sales and drive the bottom line.

Estimates

We saw some solid movement in estimates off the good quarter, with the current year adding 11 cents to $1.67 while the next-year estimate jumped 17 cents to $2.33, a bullish 39% growth projection.

Valuation

But in spite of the gains, the valuation picture looks great, with a PEG ratio of .44 well below the benchmark for value of 1.

12-Month Chart

On the chart, shares hit a new multi-year high on the good quarter before pulling back a bit in the recent sell off. Take a look below.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GRP IN DXYN 15.84 +7.90%
BOFI HLDG IN BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%