Hamilton Lane Inc reports results for the quarter ended in September 30 - Earnings Summary

Hamilton Lane Incorporated

07/11/2024 14:55

* Hamilton Lane Inc  HLNE.OQ  reported quarterly adjusted
earnings
of $1.07​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 89 cents.  The mean expectation of seven analysts for the
quarter was for earnings of $1.08 per share. Wall Street
expected results to range from $1.04  to $1.12 per share.
    * Revenue rose 18.2% to $150.00 million from a year ago;
analysts
expected $150.16 million. 
    * Hamilton Lane Inc's reported EPS for the quarter was
$1.37​.
    * The company reported quarterly net income of $54.98
million.
    * Hamilton Lane Inc shares had risen by 14.4% this
quarter and
gained 69.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"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 $183.50 
This summary was machine generated from LSEG data November 7 at
02:55 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
 Sep. 30 2024      1.08           1.07           Missed
 Jun. 30 2024      1.10           1.51           Beat
 Mar. 31 2024      1.01           1.38           Beat
 Dec. 31 2023      0.92           0.71           Missed