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

Hamilton Lane Incorporated

24/05/2024 24:06

* Hamilton Lane Inc  HLNE.OQ  reported quarterly adjusted
earnings
of $1.38​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 96
cents.  The mean expectation of six analysts for the quarter was
for earnings of $1.01 per share. Wall Street expected results to
range from 90 cents to $1.11 per share.
    * Revenue rose 56.6% to $176.67 million from a year ago;
analysts
expected $136.44 million. 
    * Hamilton Lane Inc's reported EPS for the quarter was 90
cents​.
    * The company reported quarterly net income of $48.36
million.
    * Hamilton Lane Inc shares had risen by 5.7% this
quarter and
gained 5.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
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 no "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the investment
management & fund operators peer group is also "hold"

Wall Street's median 12-month price target for Hamilton Lane Inc
is $118.00 
This summary was machine generated from LSEG data May 23 at
11:06 p.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
 Mar. 31 2024      1.01           1.38           Beat
 Dec. 31 2023      0.92           0.71           Missed
 Sep. 30 2023      0.94           0.89           Missed
 Jun. 30 2023      0.86           0.94           Beat