Huron Consulting Q2 revenue before reimbursable expenses rises 16%

Overview

• U.S. professional services firm's Q2 revenue before reimbursable expenses rose 16%

• Adjusted diluted EPS for Q2 rose 30% to $2.46

• Company repurchased $53.1 mln in stock during the quarter

Outlook

• Huron raises 2026 RBR guidance to $1.85 bln-$1.89 bln

• Company expects 2026 adjusted EBITDA as a percentage of RBR between 14.5% and 15.0%

• Huron sees 2026 adjusted diluted EPS in a range of $9.00-$9.40

Result Drivers

• ORGANIC GROWTH - Co said revenue growth was driven by strong organic demand across all three operating segments

• ACQUISITIONS - Recent acquisitions contributed $19.5 mln to Q2 revenue, including the addition of RelateCare to Managed Services

• HIGHER UTILIZATION - Utilization rates for Consulting and Digital capabilities increased compared to the prior year

Company press release: ID:nBw2L37yYa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the business support services peer group is "buy."

• Wall Street's median 12-month price target for Huron Consulting Group Inc is $183.50, about 57.5% above its July 27 closing price of $116.51

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)