On Oct 26, Zacks Investment Research upgraded
Huron Consulting Group Inc.
) to a Zacks #1 (Strong Buy).
Why the Upgrade?
Huron has been witnessing rising earnings estimates following
its recent acquisition of Blue Stone International LLC, a
provider of Oracle professional services.
On Sep 23, 2013 this business consulting services provider
inked an agreement to acquire Blue Stone in an all-cash deal
worth $30 million. The acquisition was completed on Oct 3,
Blue Stone focuses on providing business intelligence
capabilities, advisory services and analytic solutions primarily
to chief financial officers (CFO) of various firms. These
services include strategic modeling, budgeting, forecasting and
other relevant services. Technical inputs from Blue Stone help
its clients in complex decision-making processes with
well-informed in-depth analysis.
These services are likely to strengthen Huron's product
portfolio within the higher education and healthcare sectors, and
also serve as a platform for growth in other industries such as
banking, hospitality, insurance, oil and gas, real estate,
retail, and utilities. Post-acquisition, Blue Stone will form an
integral part of the Huron Education and Life Sciences segment,
which includes its Oracle ERP (Enterprise Resource Planning)
Apart, from the recent acquisition, Huron's results in the
preceding quarters are also encouraging. The company has
delivered positive earnings surprise in all the last 4 quarters
with an average earnings beat of 12.69%.
The Zacks Consensus Earnings Estimate for fiscal 2013 and 2014
are currently pegged at $2.69 per share and $3.04 per share,
indicating year-over-year growth in estimates of 15.10% and
Huron is expected to report its third-quarter results on Nov
Other Stocks to Consider
The following business service firms are performing well and
also have favorable Zacks Rank.
Bureau Veritas SA
) which has a Zacks #1 Rank (Strong Buy)
) which holds a Zacks #1 Rank (Strong Buy)
) having a Zacks #1 Rank (Strong Buy)
ACCENTURE PLC (ACN): Free Stock Analysis
BUREAU VERITAS (BVRDF): Get Free Report
EXPONENT INC (EXPO): Free Stock Analysis
HURON CONSLT GP (HURN): Free Stock Analysis
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