Huron Consulting Group Inc. (HURN) Earnings
Huron Consulting Group Inc. is expected to report next earnings on July 30, 2026 (in NaN days), with a consensus EPS estimate of $2.13. HURN has beaten EPS estimates in 12 of its last 12 reported quarters (average surprise +13.0% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $1.58 | $1.73 | +9.5% | $444M | +1.5% |
| Feb 24, 2026 | $1.94 | $2.17 | +11.9% | $442M | -0.2% |
| Jul 31, 2025 | $1.79 | $1.89 | +5.6% | $403M | -2.3% |
| Feb 25, 2025 | $1.52 | $1.90 | +25.0% | $399M | +4.9% |
| Apr 30, 2024 | $0.89 | $1.23 | +38.2% | $363M | +3.5% |
| Feb 27, 2024 | $1.12 | $1.29 | +15.2% | $350M | +2.4% |
| Nov 2, 2023 | $1.18 | $1.39 | +17.8% | $367M | +7.5% |
| Jul 27, 2023 | $1.00 | $1.38 | +38.0% | $355M | +11.8% |
| May 2, 2023 | $0.66 | $0.87 | +31.8% | $326M | +8.9% |
| Feb 28, 2023 | $0.99 | $1.12 | +13.1% | $321M | +13.7% |
| Nov 1, 2022 | $0.99 | $1.01 | +2.0% | $292M | +9.4% |
| Jul 28, 2022 | $0.80 | $0.83 | +3.7% | $281M | +10.9% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 5, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Execution of growth strategy continues to deliver performance consistent with 2025 goals. - Revenues before reimbursable expenses (RVR) increased 12% in first quarter of 2026. - Trajectory of margin expansion due to disciplined execution. - Affirming annual RBR and margin guidance. - Healthcare segment has strong demand for performance improvement, revenue cycle managed services, etc. - Education segment has strong market position in higher education. - Commercial segment has strong demand for financial advisory and strategy offerings. - Investing in expanding offerings to address client needs, bullish on AI's impact.
Guidance
- Affirming 2026 guidance for RVR, adjusted EBITDA margin, and adjusted diluted earnings per share. - RVR in range of $1.78 billion to $1.86 billion, adjusted EBITDA in range of 14.5% to 15% of RVR, adjusted non-GAAP EPS in range of $8.35 to $9.15. - Full-year free cash flow expected to be in range of positive $180 million to $220 million.
Segment performance
Healthcare segment: First quarter RVR grew 14% over prior year quarter, generated 51% total company RBR, record RBR of $225.2 million, up 13.5% from first quarter of 2025, operating income margin flat at 28.4%. Education segment: RBR in first quarter of 2026 was $127.5 million, up 3.8% from first quarter of 2025, generated 29% of total company RVR, operating income margin 21.6%. Commercial segment: First quarter RBR grew 22% over prior year quarter, generated 20% of total company RBR, RBR of $91 million, up 22.3% from first quarter of 2025, operating income margin 16.4%.
Analyst Q&A
Q: Talked about pipeline development throughout the quarter, where bookings sit.
A: In trailing six-month period, bookings were up greater than 20% across all three segments, backlog remains historically high coverage ratios, all three segments' pipelines up as of April vs Dec 31st and near record levels.
Q: Provide segment level color on growth by capability.
A: Healthcare: consulting up 13%, managed services up 42%, digital down 7%. Education: consulting slightly down, digital up 10%, demand services mid-single-digit up. Commercial: consulting up approx 50% (organic), digital down mid-tickle digit.
Q: Any change to demand within commercial as the quarter progressed.
A: Didn't see any mix change by industry within commercial, demand remains strong for energy and utilities, digital had timing issues but expected to get back to mid to upper single-digit growth range next quarter.
Q: Talk about pace of headcount growth year over year and sequentially.
A: Year over year larger percent increase in healthcare business, education industry pretty steady, commercial impacted by acquisitions, majority of global headcount ads in managed services part of business.
Q: Update on leverage perspective and capital deployment mix.
A: Remain committed to low twos leverage ratio at end of year, pace of share repurchases will be slower through remainder of year, strategic tuck in M&A expected to be slower pace than last year, M&A contribution to growth rate likely closer to lower end of 2% to 4% range.
Q: Comment on AI being a growth driver.
A: Been successful at organically investing in AI, have chief AI officer, confident in in-house capabilities, partnerships also help, significant portion of revenue comes from digital business with native talent for digital and AI related skills.