HURN - Huron Consulting: Operating Income Margins Remain Key In Upcoming Q4 Report

2024-02-15 10:50:23 ET

Summary

• Huron Consulting Group's stock has returned over 37% since November 2022, indicating a short-lived selling pressure.
• The stock's long-term MACD indicator and declining histogram suggest a potential pullback to the $80+ area in the next few quarters.
• Huron's valuation appears reasonable compared to historic multiples and sector median multiples, but growth rates are expected to wane.

Intro

We wrote about Huron Consulting Group Inc. (HURN) in November of 2022, giving them a Hold rating where we stated that selling pressure at the time would most likely be short-lived. Growth in all three of Huron's verticals remained strong at the time and sustained margin expansion led to management hiking full-year guidance to almost $1.09 billion for fiscal 2022. Huron's offerings continued to be in high demand with the education segment in particular driving company sales forward....

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