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Huron Consulting (HURN) Surges 6.2%: Is This an Indication of Further Gains?
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Huron Consulting (HURN - Free Report) shares ended the last trading session 6.2% higher at $64.99. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.9% gain over the past four weeks.
The uptick can be attributed to the company's better-than-expected earnings and revenue performance.
This consulting company is expected to post quarterly earnings of $0.77 per share in its upcoming report, which represents a year-over-year change of +11.6%. Revenues are expected to be $251.42 million, up 9.3% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Huron Consulting, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on HURN going forward to see if this recent jump can turn into more strength down the road.
Huron Consulting is part of the Zacks Consulting Services industry. Hackett Group (HCKT - Free Report) , another stock in the same industry, closed the last trading session 1.9% higher at $18.97. HCKT has returned -10.5% in the past month.
Hackett Group's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.34. Compared to the company's year-ago EPS, this represents a change of -12.8%. Hackett Group currently boasts a Zacks Rank of #2 (Buy).
View the Zacks #1 Rank List
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Huron Consulting (HURN) Surges 6.2%: Is This an Indication of Further Gains?
Huron Consulting (HURN - Free Report) shares ended the last trading session 6.2% higher at $64.99. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.9% gain over the past four weeks.
The uptick can be attributed to the company's better-than-expected earnings and revenue performance.
This consulting company is expected to post quarterly earnings of $0.77 per share in its upcoming report, which represents a year-over-year change of +11.6%. Revenues are expected to be $251.42 million, up 9.3% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Huron Consulting, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on HURN going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Huron Consulting is part of the Zacks Consulting Services industry. Hackett Group (HCKT - Free Report) , another stock in the same industry, closed the last trading session 1.9% higher at $18.97. HCKT has returned -10.5% in the past month.
Hackett Group's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.34. Compared to the company's year-ago EPS, this represents a change of -12.8%. Hackett Group currently boasts a Zacks Rank of #2 (Buy).