Hamilton Lane Inc reports results for the quarter ended in December - Earnings Summary

Hamilton Lane Incorporated

07/02/2024 04:03

* Hamilton Lane Inc  HLNE.OQ  reported quarterly adjusted
earnings
of 71 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 43 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 92 cents per
share. Wall Street expected results to range from 69 cents
to $1.04 per share.
    * Revenue fell 1.4% to $125.26 million from a year ago;
analysts
expected $130.47 million. 
    * Hamilton Lane Inc's reported EPS for the quarter was 51
cents​.
    * The company reported quarterly net income of $19.51
million.
    * Hamilton Lane Inc shares had risen by 4.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Hamilton
Lane Inc
is $113.00 

This summary was machine generated from LSEG data February 7 at
04:03 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.92           0.71           Missed
 Sep. 30 2023      0.94           0.89           Missed
 Jun. 30 2023      0.86           0.94           Beat
 Mar. 31 2023      0.79           0.96           Beat