Houlihan Lokey Misses Q1 Earnings and Revenue Estimates

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Summary · why it matters

Houlihan Lokey reported quarterly earnings of $1.35 per share, missing the Zacks Consensus Estimate of $1.64 per share. Revenue came in at $511 million, below the consensus estimate by 15.19% and down from $605.35 million a year ago. The earnings surprise was -17.68%, following a -11.41% surprise in the prior quarter. The company has surpassed consensus EPS estimates twice over the last four quarters. Shares have lost about 16.5% year-to-date, while the S&P 500 has gained 8.5%.

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