Huron Consulting Group Q3 earnings call highlights. November 3, 2026 Key points. * Huron posted record Q3 revenue before reimbursable expenses of $482.5 million, up 11.6% year over year. Adjusted EPS rose to $2.62 from $2.10, while adjusted EBITDA margin reached 16%, its highest in eight years. * Growth spanned all three segments, led by healthcare, where revenue rose 16.5%; education revenue increased 6.6% and its operating margin expanded. AI-related work accounted for more than 65% of digital bookings over the trailing six months. * The company raised and narrowed its 2026 adjusted EPS outlook to $9.20-$9.40 and narrowed its revenue outlook to $1.855 billion-$1.885 billion. It lowered expected free cash flow to $150 million-$170 million, mainly due to collection timing. * Five stocks to consider instead of Huron Consulting Group. Huron Consulting Group NASDAQ: HURN reported record third-quarter revenue before reimbursable expenses, or RBR, as growth across its healthcare, education and commercial segments helped lift adjusted earnings and prompted the company to raise and narrow its full-year adjusted EPS outlook. Third-quarter RBR rose 11.6% year over year to $482.5 million, Chief Financial Officer John Kelly said, while adjusted EBITDA increased to $77.3 million, or 16% of RBR, from $67.4 million, or 15.6% of RBR, a year earlier. Kelly said the quarterly adjusted EBITDA margin was Huron's highest in the past eight years. GAAP net income declined to $28.4 million, or $1.75 per diluted share, from $30.4 million, or $1.71 per diluted share, in the prior-year quarter. The company said diluted EPS included a $0.36 unfavorable impact from a non-cash credit loss on a convertible-debt investment in a third party. Adjusted net income rose to $42.6 million, or $2.62 per diluted share, compared with $37.4 million, or $2.10 per diluted share, a year earlier. AI-Related demand and bookings. CEO and President Mark Hussey said the results reflected organic growth in all three operating segments and double-digit percentage growth in consulting and managed services as well as digital capabilities. He said artificial intelligence continued to support demand for digital services. More than 65% of digital-capability bookings over the trailing six months involved direct AI scope or delivery significantly enabled by Huron's AI tools, compared with approximately 50% in the comparable 2025 period, Hussey said. Kelly said companywide bookings increased more than 20% year over year during the six months ended Sept. 30. The strongest booking growth came from the healthcare and education segments, including digital work in both businesses. Healthcare bookings also benefited from performance improvement and managed services demand, while education bookings were led by digital and managed services. Within commercial, Kelly said organic consulting revenue increased about 11%, though growth moderated from earlier in the year as restructuring and turnaround work normalized following several large first-half assignments. Commercial digital revenue was down about 1% in the quarter, which Kelly attributed to delays in closing and starting some projects despite what he described as significant pipeline growth. Healthcare leads segment growth. Healthcare generated record third-quarter RBR of $255.8 million, up 16.5% from a year earlier, and represented 53% of company RBR. The segment's revenue included $16.7 million from the RelateCare and AXIOM acquisitions. Excluding acquisitions, Hussey said healthcare organic RBR grew 9%. Discover more MarketBeat All Access Stock Market News Stock Screener Tool The company cited demand for managed services, performance improvement, financial advisory and digital offerings. Healthcare operating income margin was 30.5%, down from 30.9% a year earlier, primarily due to compensation expense and the integration of RelateCare. Hussey said healthcare managed-services RBR nearly doubled year over year, marking a third consecutive quarter of more than 40% organic revenue growth for the business. He said the business has expanded from end-to-end revenue-cycle work into point solutions and access-related offerings following the RelateCare acquisition. Huron's healthcare managed-services operation recorded a net promoter score of 92, according to Hussey. Management said it expects healthcare clients to face greater pressure in 2027 as new regulatory requirements related to Medicaid eligibility and reimbursement take effect. Hussey said the anticipated changes, combined with Affordable Care Act enrollment pressures, could increase unreimbursed care for providers. Education margin expansion, commercial investment. Education RBR increased 6.6% to $138 million and was entirely organic. The segment, which accounted for 29% of total RBR, benefited from demand for digital and managed-services offerings. Its operating income margin rose to 29.1% from 25.7%, as revenue growth outpaced salary-related costs for revenue-generating professionals and as support-personnel and technology costs declined. Kelly said Huron has been able to grow while keeping headcount relatively stable outside of managed services, aided by increased utilization and productivity. He said the company expects to continue adding staff as it grows, but aims to expand revenue faster than headcount through productivity initiatives. Commercial RBR rose 6.4% to $88.8 million, including $4.3 million of incremental revenue primarily related to the Wilson Perumal acquisition. The segment's operating income margin fell to 13.9% from 16.4%, reflecting higher performance-bonus expense and $2.2 million of investments in business-development, leadership and delivery talent. Hussey said those investments were not a response to the quarter's results but part of a multiyear effort to broaden Huron's commercial capabilities and deepen industry expertise. The company is adding leaders in areas including managed services, energy and utilities, and industrials and manufacturing, with the expectation that the investments will support above-company-average commercial growth in 2027. Guidance, cash flow and capital allocation. Huron narrowed its 2026 RBR outlook to $1.855 billion to $1.885 billion and reaffirmed adjusted EBITDA margin guidance of 14.5% to 15%. The company raised and narrowed adjusted non-GAAP EPS guidance to $9.20 to $9.40. Kelly said management expects full-year free cash flow of $150 million to $170 million, reduced from prior expectations primarily because of collection timing, including a revised payment schedule on a multi-year engagement and a higher mix of healthcare performance-improvement projects with performance-based fees. The company expects to collect related working capital in 2027 under contractual terms. Cash flow from operations was $57 million in the third quarter, compared with $93.8 million a year earlier, while free cash flow totaled $49.1 million after $7.9 million in capital expenditures. Days sales outstanding increased to 83 from 79 in the preceding quarter, mainly due to collection timing on certain healthcare projects. Huron ended the quarter with $815 million of total debt, $25.6 million of cash and net debt of $789.4 million. Its leverage ratio improved to 2.6 times adjusted EBITDA from 2.8 times at the end of the second quarter. The company said it remains on track to reach a leverage ratio of 2 times to 2.5 times by year-end. During the quarter, Huron spent $26.3 million to repurchase about 173,000 shares. Year-to-date repurchases totaled $234.9 million, or approximately 1.7 million shares, representing 10% of shares outstanding at the end of 2025. As of Oct. 31, $265.9 million remained available under its repurchase authorization, including a $200 million increase approved by the board in October. About Huron Consulting Group (NASDAQ:HURN). Huron Consulting Group, Inc is a professional services firm that helps organizations improve performance, manage change, and use technology to address complex business challenges. The company serves clients in the healthcare, education, and public sectors, as well as commercial organizations. Its services include operational and financial improvement, strategy and organizational consulting, digital transformation, technology implementation, data and analytics, and managed services. Huron also provides specialized advisory support for hospitals and health systems, colleges and universities, government agencies, and businesses seeking to improve processes, financial performance, and customer or patient experiences. Founded in 2002 and headquartered in Chicago, Huron serves clients across the United States and internationally. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Huron Consulting Group, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Huron Consulting Group wasn't on the list. While Huron Consulting Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. The space race is growing fast, and you don't have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important. Continue following MarketBeat

Huron's AI integration reduces project time and boosts revenue. Discover how Huron is revolutionizing its operations with the deployment of over 1,000 agents leveraging Microsoft 365 Copilot, drastically improving efficiency and enhancing client service delivery. Key facts. * Huron's pilot with 300 users cut project time from weeks to 1.5 days, showcasing AI's efficiency impact. * Word-of-mouth adoption indicates strong internal buy-in, enhancing competitive positioning in AI services. * Accelerated client deliverables may lead to increased revenue, reflecting improved financial performance potential. * Huron's focus on AI-driven solutions positions it as a thought leader, shifting market dynamics in consulting. * The strategic use of Microsoft 365 Copilot highlights vulnerabilities in competitors lacking advanced AI tools. Summary. Huron, a global professional services firm, faced the challenge of enhancing productivity among its consultants. By deploying Microsoft 365 Copilot, Huron significantly reduced the time required for client deliverables, achieving a turnaround from weeks to approximately a day and a half. This transformation not only improved efficiency but also allowed teams to focus on higher-quality client work. Background. Huron operates in the professional services industry, serving clients in healthcare, higher education, and commercial sectors. Before the deployment of Microsoft 365 Copilot, Huron's consultants were burdened with time-consuming tasks that limited their capacity to engage in more strategic work. PlanGrowth Challenge. The firm aimed to solve the inefficiency in producing client deliverables, which typically took weeks to complete. Huron sought a solution that would streamline processes and enhance the productivity of its consultants. Solution. Huron implemented Microsoft 365 Copilot, leveraging its own data while ensuring compliance with enterprise data protection standards. A pilot program involving 300 participants ran for 120 days without a formal mandate or ROI requirements. This approach encouraged champions within the firm to share the benefits of Copilot, facilitating organic adoption across teams. Results. The deployment of Microsoft 365 Copilot led to a dramatic reduction in the time needed for client deliverables, cutting the process down from weeks to about a day and a half. This efficiency gain enabled teams to reinvest their time into delivering higher-quality work for clients, fostering new AI-related discussions with them. Key insights. Huron's experience highlights the importance of internal adoption and championing of new technologies. By allowing teams to explore the benefits of AI tools organically, firms can drive greater engagement and innovation without the constraints of formal mandates. LearnEngineering Customer testimonial. No direct quote is provided in the source material. Discover more Learn AI Tools Find Therapists Learn Engineering Entities mentioned. Companies HireLawyers Microsoft 365 Copilot Key concepts. AI in professional services Microsoft 365 Copilot data protection client deliverables adoption of technology efficiency in work consultant experience word of mouth growth Definitions. * Microsoft 365 Copilot - A productivity tool that leverages AI to assist users in completing tasks more efficiently within Microsoft 365 applications. * data protection - Measures and processes implemented to safeguard sensitive data from unauthorized access and breaches. * pilot program - A trial run of a new initiative or product to assess its feasibility and effectiveness before a full-scale launch. * client deliverables - Products or services that are provided to clients as part of a contractual agreement. * word of mouth - A method of promotion where satisfied customers share their experiences with others, leading to organic growth. Use cases. * | Improving efficiency in client deliverables * | Accelerating technology adoption among consultants * | Enhancing the quality of client work * | Facilitating new AI conversations with clients * | Streamlining workflows within professional services Frequently asked questions. What is the purpose of Huron's use of Microsoft 365 Copilot? Huron aims to enhance the efficiency of its consultants' work processes and improve client deliverables using Microsoft 365 Copilot. This initiative is part of their broader strategy to lead in AI within the professional services sector. How did Huron implement the pilot program for Copilot? Huron conducted a 120-day pilot program involving 300 participants without any mandated ROI expectations. This approach allowed for organic feedback and adoption among the consultants. What benefits did Huron observe from using Microsoft 365 Copilot? The use of Copilot significantly reduced the time required for client deliverables, from weeks to about a day and a half. This time savings enabled teams to focus on producing higher-quality work for their clients. How did the adoption of Copilot grow within Huron? The adoption of Microsoft 365 Copilot grew primarily through word of mouth, as champions within the organization shared their positive experiences and the tool's benefits with their peers. What industries does Huron serve? Huron serves clients in healthcare, higher education, and commercial sectors, helping them tackle complex challenges through innovative solutions and technology.

Huron Consulting Group (NASDAQ:HURN) hits new 12-month high - what's next? Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report)'s share price hit a new 52-week high during trading on Thursday. The stock traded as high as $186.80 and last traded at $184.8160, with a volume of 95,676 shares trading hands. The stock had previously closed at $183.32. Analyst ratings changes. HURN has been the subject of several recent research reports. Zacks Research lowered shares of Huron Consulting Group from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. Weiss Ratings raised Huron Consulting Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Finally, Wall Street Zen raised shares of Huron Consulting Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Huron Consulting Group currently has an average rating of "Moderate Buy" and a consensus target price of $184.25. Huron Consulting Group stock up 5.5%. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 28.94 and a beta of 0.09. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.71 and a quick ratio of 1.71. The business has a fifty day moving average price of $160.44 and a two-hundred day moving average price of $132.35. Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its earnings results on Tuesday, July 28th. The business services provider reported $2.46 EPS for the quarter, beating analysts' consensus estimates of $2.17 by $0.29. Huron Consulting Group had a return on equity of 32.33% and a net margin of 6.38%. The firm had revenue of $475.04 million for the quarter, compared to analyst estimates of $448.98 million. During the same quarter in the prior year, the firm earned $1.89 earnings per share. Huron Consulting Group's revenue for the quarter was up 15.7% on a year-over-year basis. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS. On average, equities analysts expect that Huron Consulting Group Inc. will post 9.18 earnings per share for the current year. Insiders place their bets. In other Huron Consulting Group news, CEO C. Hussey sold 24,072 shares of the company's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $165.59, for a total value of $3,986,082.48. Following the sale, the chief executive officer directly owned 74,399 shares of the company's stock, valued at approximately $12,319,730.41. This represents a 24.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Featherstone sold 459 shares of the company's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $152.67, for a total transaction of $70,075.53. Following the completion of the sale, the insider directly owned 1,050 shares in the company, valued at approximately $160,303.50. The trade was a 30.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 24,613 shares of company stock worth $4,069,914 in the last quarter. Company insiders own 2.07% of the company's stock. Hedge funds weigh in on Huron Consulting Group. Institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Huron Consulting Group by 11,900.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 240 shares of the business services provider's stock valued at $41,000 after buying an additional 238 shares during the period. GAMMA Investing LLC grew its holdings in Huron Consulting Group by 57.9% during the third quarter. GAMMA Investing LLC now owns 289 shares of the business services provider's stock worth $45,000 after acquiring an additional 106 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in Huron Consulting Group during the second quarter worth about $75,000. Nykredit A S purchased a new position in Huron Consulting Group during the second quarter valued at approximately $111,000. Finally, Global Retirement Partners LLC acquired a new position in Huron Consulting Group in the second quarter valued at approximately $120,000. Hedge funds and other institutional investors own 93.90% of the company's stock. About Huron Consulting Group. Huron Consulting Group, Inc is a professional services firm that helps organizations improve performance, manage change, and use technology to address complex business challenges. The company serves clients in the healthcare, education, and public sectors, as well as commercial organizations. Its services include operational and financial improvement, strategy and organizational consulting, digital transformation, technology implementation, data and analytics, and managed services. Huron also provides specialized advisory support for hospitals and health systems, colleges and universities, government agencies, and businesses seeking to improve processes, financial performance, and customer or patient experiences. Founded in 2002 and headquartered in Chicago, Huron serves clients across the United States and internationally. Receive News & Ratings for Huron Consulting Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huron Consulting Group and related companies with MarketBeat.com's FREE daily email newsletter.