Huron Consulting Gr Q1 2024 Adj EPS $0.36 Misses $0.89 Estimate, Sales $355.961M Beat $351.014M Estimate
Portfolio Pulse from Benzinga Newsdesk
Huron Consulting Group (HURN) reported Q1 2024 adjusted EPS of $0.36, missing the $0.89 estimate by 59.55%, and a 58.62% decrease from last year's $0.87. Sales were $355.961M, beating the $351.014M estimate by 1.41%, and marking an 11.97% increase from last year.
April 30, 2024 | 8:09 pm
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NEGATIVE IMPACT
Huron Consulting Group reported a significant miss in Q1 2024 EPS but beat sales estimates, with a notable year-over-year sales increase.
The significant miss in EPS expectations is likely to negatively impact investor sentiment in the short term, despite the sales beat. The decrease in EPS from the previous year further compounds concerns about profitability and operational efficiency, which are critical factors for investors. However, the increase in sales indicates some positive business momentum, which might mitigate the negative impact to some extent.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100