Huron Consulting Group 3Q Above Estimates, Deutsche Bank Reports

Huron Consulting Group Inc. HURN reported 3Q10 Revs/Clean EPS of $145.4m/$0.56 vs. DB at $138.5m/ $0.53 and the Street at $136.5m/$0.47. “HURN reiterated its revenue guidance from its Oct. 4th negative pre-announcement and offered new EBITDA/ EPS guidance,” Deutsche Bank reports. “Clean EBITDA is expected to be $92-95m, below DB/ Street at $98m/$95m while clean EPS (including amort.) is expected to be $1.48-1.58, below DB at $1.63 (Street $1.57 but unsure what it includes).” Deutsche Bank said that this implies 4Q Revs/EBITDA/EPS guidance of $131-141m/$23.2-26.2m/ $0.40-$0.50, below DB's own estimate at $141m/$31m/$0.58 and below the Street at $142m/$30.5m/$0.55. Huron Consulting Group currently trades at $20.19.