Houlihan Lokey Inc reports results for the quarter ended in September 30 - Earnings Summary

Houlihan Lokey

31/10/2024 02:33

* Houlihan Lokey Inc  HLI.N  reported quarterly adjusted
earnings
of $1.46​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $1.11.  The mean expectation of nine analysts for the quarter
was for earnings of $1.31 per share. Wall Street expected
results to range from $1.27  to $1.37 per share.
    * Revenue rose 23.1% to $574.96 million from a year ago;
analysts
expected $537.89 million. 
    * Houlihan Lokey Inc's reported EPS for the quarter was
$1.37​.
    * The company reported quarterly net income of $93.55
million.
    * Houlihan Lokey Inc shares had risen by 5.5% this
quarter and
gained 39.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.3%
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 2 "strong buy" or "buy," 5
"hold" and 2 "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 $159.00 
This summary was machine generated from LSEG data October 31 at
02:33 a.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
 Jan. 1 0001       1.31           1.46           Beat
 Jun. 30 2024      1.21           1.22           Beat
 Mar. 31 2024                     1.27           
 Dec. 31 2023      1.14           1.22           Beat