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

Houlihan Lokey

31/07/2024 24:11

* Houlihan Lokey Inc  HLI.N  reported quarterly adjusted
earnings
of $1.22​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 89
cents.  The mean expectation of eight analysts for the quarter
was for earnings of $1.21 per share. Wall Street expected
results to range from $1.14  to $1.30 per share.
    * Revenue rose 23.5% to $513.61 million from a year ago;
analysts
expected $508.67 million. 
    * Houlihan Lokey Inc's reported EPS for the quarter was 30
cents​.
    * The company reported quarterly net income of $88.94
million.
    * Houlihan Lokey Inc shares had risen by 9.6% this
quarter and
gained 23.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.6%
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 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 $148.00 
This summary was machine generated from LSEG data July 30 at
11:11 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
 Jun. 30 2024      1.21           1.22           Beat
 Mar. 31 2024      1.23           1.27           Beat
 Dec. 31 2023      1.14           1.22           Beat
 Sep. 30 2023      1.03           1.11           Beat