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

Houlihan Lokey

28/07/2023 24:41

* Houlihan Lokey Inc  HLI.N  reported quarterly adjusted
earnings
of 89 cents​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for earnings
of $1.01 per share.
    * Revenue fell 0.7% to $415.83 million from a year ago;
analysts
expected $434.84 million. 
    * Houlihan Lokey Inc's reported EPS for the quarter was 90
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.1%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Houlihan Lokey Inc shares had risen by 10.1% this
quarter and
gained 24.2% so far this year.
    * The company reported quarterly net income of $61.39
million.
    * Wall Street's median 12-month price target for Houlihan
Lokey
Inc is $101.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
27 at 11:41 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.01           0.89           Missed
 Mar. 31 2023      0.93           1.11           Beat
 Dec. 31 2022      1.15           1.14           Missed
 Sep. 30 2022      1.03           1.19           Beat