HURON CONSULTING Announces Q2 Earnings Results for FY2023 Ending June 30 2023

🌥️Earnings Overview

On July 27 2023, HURON CONSULTING ($NASDAQ:HURN) reported its financial results for Q2 of the fiscal year 2023, which ended on June 30. The company saw an increase of 26.4% in total revenue year-over-year, totaling USD 354.9 million. Similarly, net income surged by 78.0%, amounting to USD 24.7 million.

Price History

On Thursday, HURON CONSULTING announced their earnings results for the second quarter of FY2023 ending June 30, 2023. The stock opened at $81.5 and closed at $79.3, a decrease of 2.1% from the previous closing price of 81.0. Overall, HURON CONSULTING posted positive results in the second quarter of FY2023 despite the challenging economic and market conditions. The company’s strong financial results, backed by a solid balance sheet, have further strengthened investor confidence in the company’s ability to deliver consistent returns going forward. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Huron Consulting. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Huron Consulting. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Huron Consulting. More…

Key Ratios Snapshot

Some of the financial key ratios for Huron Consulting are shown below. More…

Analysis

GoodWhale conducted an analysis of HURON CONSULTING‘s financials and classified them using our Star Chart system as a ‘cheetah’. This classification indicates that the company has achieved high revenue or earnings growth in the past, however their stability is considered to be low due to lower profitability. Potential investors who may be interested in this type of company are those who are willing to take on the higher risk associated with investing in an unstable company in exchange for potentially higher returns. HURON CONSULTING is strong in liquidity, assets and growth, medium in profitability, and weak in dividends. Our health score for the company is quite high, at 9/10. This is due to the company’s strong cashflows and debt capacity, which enable it to pay off its debt and fund future operations. More…

Peers

As the global economy continues to experience uncertainty, the consulting industry has become increasingly competitive. Huron Consulting Group, Inc. is one of the leading providers of consulting services, with a focus on helping organizations improve performance, reduce costs, and manage risk. The company competes against other large consulting firms, such as American Education Center, Inc., FTI Consulting, Inc., and Circulation Co., Ltd. While each company has its own strengths and weaknesses, Huron has a proven track record of delivering results for its clients.

– American Education Center Inc ($OTCPK:AMCT)

American Education Center Inc has a market cap of 6.32M as of 2022. The company’s return on equity is 96.84%. The company provides educational services. It offers educational programs and services to students from the United States and around the world. The company’s programs and services include academic counseling, admissions counseling, cultural exchange programs, English language training, and student support services.

– FTI Consulting Inc ($NYSE:FCN)

FTI Consulting is a global business advisory firm. The company provides advice on a wide range of business issues including mergers and acquisitions, enterprise risk management, financial restructuring and litigation. FTI Consulting has a market cap of 5.53B as of 2022 and a Return on Equity of 11.2%. The company has a strong reputation for providing high quality advice and services to its clients.

– Circulation Co Ltd ($TSE:7379)

Circulation Co Ltd is a Japanese company that operates in the healthcare sector. It is engaged in the development, manufacture, and sale of medical devices and equipment. The company has a market capitalization of 13.55 billion as of 2022 and a return on equity of 14.03%. Circulation Co Ltd is a publicly traded company listed on the Tokyo Stock Exchange.

Summary

HURON CONSULTING released its earnings results for Q2 FY2023, with total revenue increasing 26.4% year-over-year to USD 354.9 million and net income spiking 78.0% to USD 24.7 million. This strong quarter puts HURON CONSULTING in a great position to continue expanding, making it a great stock for investors to consider. The company’s strong financial performance indicates that it is well-positioned to capitalize on market opportunities and generate continued growth in the future. With these impressive numbers, HURON CONSULTING is in a great position for investors to benefit from the company’s success.