Houlihan Lokey Second Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

Houlihan Lokey (NYSE:HLI) Second Quarter 2023 Results

Key Financial Results

• Revenue: US$489.5m (down 8.9% from 2Q 2022).
• Net income: US$60.7m (down 46% from 2Q 2022).
• Profit margin: 12% (down from 21% in 2Q 2022).
  • The decrease in margin was primarily driven by lower revenue.
• EPS: US$0.96 (down from US$1.73 in 2Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Houlihan Lokey Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 1.9%.

Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are up 9.8% from a week ago.

Risk Analysis

Be aware that Houlihan Lokey is showing 1 warning sign in our investment analysis that you should know about...

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