Houlihan Lokey Inc reports results for the quarter ended in December - Earnings Summary

Houlihan Lokey

01/02/2024 22:46

* Houlihan Lokey Inc  HLI.N  reported quarterly adjusted
earnings
of $1.22​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of $1.14.  The mean expectation of eight analysts for the
quarter was for earnings of $1.14 per share. Wall Street
expected results to range from $1.03  to $1.18 per share.
    * Revenue rose 12% to $511.13 million from a year ago;
analysts
expected $493.02 million. 
    * Houlihan Lokey Inc's reported EPS for the quarter was
$1.04​.
    * The company reported quarterly net income of $70.8
million.
    * Houlihan Lokey Inc shares had fallen by 0.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.7%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the investment
banking
& brokerage services peer group is also "hold"

Wall Street's median 12-month price target for Houlihan Lokey
Inc is $130.00 
This summary was machine generated from LSEG data February 1 at
10:46 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
 Dec. 31 2023      1.14           1.22           Beat
 Sep. 30 2023      1.03           1.11           Beat
 Jun. 30 2023      1.01           0.89           Missed
 Mar. 31 2023      0.93           1.11           Beat