Overview
Houlihan Lokey fiscal Q2 revenue of $659 mln beats analyst expectations, per LSEG data
Adjusted net income for fiscal Q2 beats estimates, reflecting strong segment performance
Company announces $0.60 per share dividend for fiscal Q3
Outlook
Company did not provide specific future guidance in the statement
Result Drivers
CORPORATE FINANCE - Revenues increased 21% due to more closed transactions driven by favorable M&A and Capital Solutions market conditions
FINANCIAL RESTRUCTURING - Revenues rose 2% due to more closed transactions amid favorable restructuring market conditions
VALUATION ADVISORY - Revenues grew 10% driven by increased Fee Events and improvements in M&A markets
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $659.45 mln | $648.14 mln (6 Analysts) |
Q2 EPS | $1.63 | ||
Q2 Adjusted Net Income | Beat | $127 mln | $115.86 mln (5 Analysts) |
Q2 Net Income | $111.78 mln | ||
Q2 EBIT | $151.34 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "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 $213.00, about 6.9% above its October 29 closing price of $198.38
Press Release: ID:nBw5kF0yta
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)