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The Zacks Analyst Blog Highlights Exponent, Huron Consulting Group, CBIZ, FTI Consulting and Franklin Covey

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For Immediate Release

Chicago, IL – June 30, 2023 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Exponent Inc. (EXPO - Free Report) , Huron Consulting Group Inc. (HURN - Free Report) , CBIZ Inc. (CBZ - Free Report) , FTI Consulting Inc. (FCN - Free Report) and Franklin Covey Co. (FC - Free Report) .

Here are highlights from Thursday’s Analyst Blog:

Can Consulting Services Maintain Pace in the 2nd Half of 2023?

Consulting services is one of the industries least affected by the pandemic. This is because, even amid a volatile situation, organizations require extensive advice on how to protect their employees, and stay closer to consumers and shareholders. The multi-billion-dollar industry has witnessed exponential growth since the 2008 financial crisis, enjoying a steady rate of revenues, profits, and cash-flow growth.

The Zacks-defined consulting services industry is currently in the top 35% of the Zacks Industry Rank. Year to date, the industry has provided 12.4% returns. Since it is ranked in the top half of Zacks Ranked Industries, we expect the consulting services industry to outperform the market over the next 3 to 6 months.

The industry is in good shape, driven by a healthy demand environment for services. The U.S. economy remains solid despite continuous hiking of interest rates in the last one and half years by the Fed. This industry is one of the pioneers of remote working, which has become part of the new normal. The nature of work enables industry players to function efficiently through increased use of technology.

With the end of the pandemic, the focus of the industry is currently on channelizing money and efforts to more effective operational components, such as high-end technology, digital transformation, and data-driven decision-making.

Services are becoming more customer-centric through higher speed, incremental deliverables, and cloud technology. So, the consulting services industry is likely to witness healthy growth on internationalization and expansion of newer verticals, such as design thinking, digital and cybersecurity.

According to NMS Consulting, the market size of the management consulting industry is estimated to reach $330 billion globally in 2023. In the United States the industry has reached $65 billion with a growth rate of 7.7% per annum.

How to Pick the Right Stocks

At this stage, several stocks look attractive for future growth. However, a three-pronged picking method will make the task easy. First, select stocks with strong revenue and earnings potential for the rest of 2023. Second, these stocks should have seen positive earnings revisions in the last 30 days. Third, these stocks delivered positive earnings surprises in the last four reported quarters.

Five stocks have fulfilled our selection criteria. These are — Exponent Inc., Huron Consulting Group Inc., CBIZ Inc., FTI Consulting Inc. and Franklin Covey Co. Exponent and Huron Consulting currently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release.

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