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

• 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)