Houlihan Lokey Inc HLI.N reported quarterly adjusted earnings of $2.14 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.22. The mean expectation of seven analysts for the quarter was for earnings of $1.68 per share. Wall Street expected results to range from $1.37 to $1.90 per share.
Revenue rose 17.9% to $605.35 million from a year ago; analysts expected $567.59 million.
Houlihan Lokey Inc's reported EPS for the quarter was $1.42.
The company reported quarterly net income of $97.53 million.
Houlihan Lokey Inc shares had risen by 7.2% this quarter and gained 11.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 14.4% 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 4 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the investment banking & brokerage services peer group is "buy."
Wall Street's median 12-month price target for Houlihan Lokey Inc is $195.00, about 1.7% above its last closing price of $191.71
This summary was machine generated from LSEG data July 29 at 09:51 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)