Huron Consulting Group (HURN) saw its stock price surge 7.12% in the pre-market trading session on Wednesday, following the release of its impressive fourth-quarter and full-year 2024 financial results on Tuesday.
The key factors driving the stock's upward movement were:
- HURN reported Q4 adjusted earnings of $1.90 per diluted share, up significantly from $1.29 a year earlier and surpassing analysts' expectations of $1.52.
- Revenue for Q4 2024 reached $388.4 million, a 14.5% increase from the same period in 2023 and beating analysts' estimates of $378.5 million.
- The Healthcare and Education segments demonstrated robust growth, with revenue increasing by 17.6% and 14.5%, respectively, in Q4 2024 compared to the previous year.
- For the full year 2024, HURN reported record revenue of $1.49 billion, up 9.1% from 2023, driven by strong demand across various service offerings.
- The company provided a positive outlook for 2025, forecasting adjusted diluted EPS in the range of $6.80 to $7.60 and revenue between $1.58 billion and $1.66 billion.
Investors reacted positively to HURN's strong financial performance, backed by sustained growth in its core business segments and a promising outlook for the upcoming year. The company's ability to capitalize on favorable market conditions and effectively execute its strategies has boosted investor confidence in its future prospects.
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