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SÃO PAULO--(BUSINESS WIRE)--Mayra Fregonesi has joined Houlihan Lokey in São Paulo as a Managing Director to lead the firm's coverage efforts in Latin America.

Houlihan Lokey, Inc. NYSE:HLI , the global investment bank, today announced that Jean-Baptiste Didier has joined the firm as a Managing Director in its Financial Sponsors Group, based in Paris.

Mr. Didier will lead the firm’s financial sponsor coverage activities in France, working closely with Christian Keller, Managing Director and Head of European Private Equity Coverage, and senior colleagues across Houlihan Lokey’s global Financial Sponsors Group. His appointment further strengthens the firm’s coverage of the French private equity market and builds on Houlihan Lokey’s continued investment in the country, following its acquisition of a controlling interest in Audere Partners earlier this year.

Mr. Didier joins Houlihan Lokey from Stifel, where he served as a Managing Director and Head of Healthcare Investment Banking France. Prior to that, he was Head of Sponsor and Infrastructure Coverage France at Citi, advising leading private equity firms and infrastructure investors on a broad range of landmark transactions. Earlier in his career, he advised corporate and financial sponsor clients at J.P. Morgan and Morgan Stanley, building deep expertise across mergers and acquisitions, capital markets, and strategic advisory.

His arrival follows the additions of Managing Directors Martin Rezaie in Germany and Neil Price in the U.K. over the past 12 months, as the firm continues to build out its senior talent across key European markets.

“Mr. Didier has an outstanding track record advising many of France’s most prominent private equity firms on complex and high-profile transactions, and his arrival further underscores the exceptional momentum within our Financial Sponsors Group in Europe,” said Mr. Keller. “His deep-rooted connectivity across the private equity ecosystem, combined with his nuanced understanding of the French landscape, will be invaluable as we continue to deliver best-in-class advice and solidify our position as the premier middle-market advisor to alternative capital providers in France and across the broader European ecosystem.”

“Houlihan Lokey has established a world-class proposition that resonates deeply with the alternative capital ecosystem,” said Mr. Didier. “The firm’s combination of global reach, deep industry expertise and its client-centric ethos creates a differentiated offering for financial sponsors. I am delighted to join Houlihan Lokey at such an important stage of its growth in France and look forward to working alongside colleagues across Europe and globally to help clients navigate a complex transaction landscape.”

Houlihan Lokey is among the leading advisors to alternative capital providers, with its Financial Sponsors Group being one of the largest dedicated teams of any investment bank. The global team comprises more than 35 professionals, including 24 Managing Directors, located across ten countries and manages more than 2,000 relationships worldwide, including private equity firms, credit funds, family offices, and sovereign wealth funds.

About Houlihan Lokey

Houlihan Lokey, Inc. NYSE:HLI is a leading global investment bank recognized for delivering independent strategic and financial advice to corporations, financial sponsors, and governments. With uniquely deep industry expertise, broad international reach, and a partnership approach rooted in trust, the firm provides innovative, integrated solutions across mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Our unmatched transaction volumes provide differentiated, data-driven perspectives that help our clients achieve their most critical goals.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260901603974/en/

NEWTOWN SQUARE, Pa.--(BUSINESS WIRE)---- $hli #houlihan--Kaskela Law announces that it is investigating Houlihan Lokey, Inc. (NYSE: HLI) (“Houlihan Lokey”) on behalf of the company's shareholders.The investigation seeks to determine whether Houlihan Lokey and/or the company's officers and directors violated the securities laws or breached their fiduciary duties to the company's investors in connection with recent corporate actions.Houlihan Lokey shareholders who would like to learn more about this investigation an.

Posted by Defense World Staff on Aug 5th, 2026

First Trust Advisors LP lessened its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI – Free Report) by 92.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,603 shares of the financial services provider’s stock after selling 375,435 shares during the period. First Trust Advisors LP’s holdings in Houlihan Lokey were worth $4,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Resources Management Corp CT ADV boosted its stake in shares of Houlihan Lokey by 0.9% in the second quarter. Resources Management Corp CT ADV now owns 5,845 shares of the financial services provider’s stock worth $1,052,000 after buying an additional 55 shares during the last quarter. Huntington National Bank raised its position in Houlihan Lokey by 5.5% during the fourth quarter. Huntington National Bank now owns 1,156 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 60 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in Houlihan Lokey by 1.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,267 shares of the financial services provider’s stock valued at $917,000 after acquiring an additional 61 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Houlihan Lokey by 7.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 956 shares of the financial services provider’s stock valued at $196,000 after acquiring an additional 70 shares during the period. Finally, IFP Advisors Inc lifted its holdings in Houlihan Lokey by 4.4% in the fourth quarter. IFP Advisors Inc now owns 1,694 shares of the financial services provider’s stock valued at $295,000 after acquiring an additional 72 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Houlihan Lokey Stock Performance Houlihan Lokey stock opened at $128.02 on Wednesday. The company’s fifty day moving average price is $138.43 and its 200 day moving average price is $151.15. Houlihan Lokey, Inc. has a 1 year low of $112.83 and a 1 year high of $211.78. The stock has a market capitalization of $8.84 billion, a P/E ratio of 21.52, a P/E/G ratio of 1.40 and a beta of 0.95.

Houlihan Lokey (NYSE:HLI – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.29). The company had revenue of $511.00 million for the quarter, compared to analyst estimates of $602.38 million. Houlihan Lokey had a return on equity of 20.20% and a net margin of 16.10%.The business’s revenue was down 15.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.14 earnings per share. Sell-side analysts predict that Houlihan Lokey, Inc. will post 7.13 EPS for the current year.

Houlihan Lokey Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 1st. Houlihan Lokey’s dividend payout ratio (DPR) is 47.06%.

Wall Street Analyst Weigh In A number of equities research analysts have recently commented on the stock. BMO Capital Markets dropped their price objective on shares of Houlihan Lokey from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday. The Goldman Sachs Group decreased their target price on shares of Houlihan Lokey from $171.00 to $148.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Houlihan Lokey in a report on Friday, July 17th. Morgan Stanley lowered their price target on shares of Houlihan Lokey from $187.00 to $177.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Houlihan Lokey from $160.00 to $153.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $166.38.

Get Our Latest Research Report on HLI

Insider Activity In other news, Chairman Scott L. Beiser sold 6,265 shares of Houlihan Lokey stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $150.26, for a total value of $941,378.90. Following the sale, the chairman directly owned 6,265 shares of the company’s stock, valued at $941,378.90. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 22.53% of the stock is owned by corporate insiders.

Houlihan Lokey Profile (Free Report)

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.

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Posted by Defense World Staff on Aug 4th, 2026

California State Teachers Retirement System boosted its position in shares of Houlihan Lokey, Inc. (NYSE:HLI – Free Report) by 25.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,370 shares of the financial services provider’s stock after acquiring an additional 12,994 shares during the period. California State Teachers Retirement System owned 0.09% of Houlihan Lokey worth $9,245,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Robinhood Asset Management LLC acquired a new stake in shares of Houlihan Lokey in the fourth quarter worth $6,862,000. Pier Capital LLC raised its stake in Houlihan Lokey by 62.3% during the 4th quarter. Pier Capital LLC now owns 44,000 shares of the financial services provider’s stock valued at $7,664,000 after purchasing an additional 16,894 shares during the last quarter. M&T Bank Corp acquired a new position in Houlihan Lokey during the 4th quarter valued at $4,467,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Houlihan Lokey in the 4th quarter valued at $1,942,000. Finally, Fenimore Asset Management Inc boosted its holdings in Houlihan Lokey by 16.2% in the 4th quarter. Fenimore Asset Management Inc now owns 123,672 shares of the financial services provider’s stock valued at $21,542,000 after purchasing an additional 17,199 shares during the period. 78.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets Several equities analysts recently issued reports on HLI shares. Weiss Ratings restated a “hold (c)” rating on shares of Houlihan Lokey in a research note on Friday, July 17th. Keefe, Bruyette & Woods reduced their price objective on Houlihan Lokey from $160.00 to $153.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Morgan Stanley decreased their price objective on Houlihan Lokey from $187.00 to $177.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Bank of America began coverage on Houlihan Lokey in a research report on Friday, July 10th. They set a “buy” rating and a $164.00 price objective on the stock. Finally, The Goldman Sachs Group cut their target price on Houlihan Lokey from $171.00 to $148.00 and set a “buy” rating for the company in a research note on Thursday. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.38.

Check Out Our Latest Report on Houlihan Lokey

Insider Transactions at Houlihan Lokey In other Houlihan Lokey news, Chairman Scott L. Beiser sold 6,265 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $150.26, for a total value of $941,378.90. Following the transaction, the chairman directly owned 6,265 shares in the company, valued at approximately $941,378.90. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 22.53% of the company’s stock.

Houlihan Lokey Stock Up 0.2% NYSE:HLI opened at $125.78 on Tuesday. The firm has a market cap of $8.69 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 1.12 and a beta of 0.95. Houlihan Lokey, Inc. has a 12 month low of $112.83 and a 12 month high of $211.78. The company’s 50-day moving average price is $138.88 and its two-hundred day moving average price is $151.53.

Houlihan Lokey (NYSE:HLI – Get Free Report) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $1.35 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.29). Houlihan Lokey had a return on equity of 20.20% and a net margin of 16.10%.The business had revenue of $511.00 million during the quarter, compared to analyst estimates of $602.38 million. During the same period in the previous year, the firm earned $2.14 earnings per share. The firm’s revenue was down 15.6% compared to the same quarter last year. On average, research analysts expect that Houlihan Lokey, Inc. will post 7.55 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.80 annualized dividend and a yield of 2.2%. Houlihan Lokey’s dividend payout ratio is currently 47.06%.

About Houlihan Lokey (Free Report)

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.

See Also Five stocks we like better than Houlihan Lokey SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control Why Rare Earth Processing Could Be the Real 2027 Opportunity The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks? Want to see what other hedge funds are holding HLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Houlihan Lokey, Inc. (NYSE:HLI – Free Report).

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Houlihan Lokey NYSE: HLI reported first-quarter fiscal 2027 revenue of $511 million and adjusted earnings per share of $1.35, with management characterizing the quarter as a temporary disruption rather than a fundamental change in its outlook.

Chief Executive Officer Scott Adelson said Corporate Finance results were pressured by extended transaction timelines, particularly for larger-fee assignments, amid geopolitical uncertainty in the Middle East and disruption in the software sector as investors evaluate the longer-term effects of artificial intelligence. Financial Restructuring performed generally in line with expectations, while Financial and Valuation Advisory posted growth across its service lines.

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Corporate Finance Fees Fall Despite Stable Deal Volume Corporate Finance revenue totaled $303 million, down 24% from the prior-year quarter. The firm closed 127 transactions, essentially unchanged from a year earlier, but average fees on completed deals declined significantly.

Adelson said the delays were concentrated in consumer-facing businesses sensitive to inflation and consumer sentiment, as well as software companies where lower valuations prompted transactions to be reassessed. He said many transactions expected to close during the quarter were delayed into later periods and that larger-fee assignments were disproportionately affected.

“The vast majority of delayed transactions continue to move through the pipeline, but timelines remain extended,” Adelson said. He added that Corporate Finance new-business activity and backlog were at record levels and that the company had not seen a meaningful change in typical rates of transactions being terminated or placed on hold.

Chief Financial Officer Lindsey Alley said the company has experienced relatively greater softness in Europe than in the United States since the fourth quarter of fiscal 2026. She said deal closings could remain uneven in the near term if macroeconomic events continue to affect transaction timing, but noted that pipeline, backlog and new-mandate activity had not deteriorated in the way they typically would in recessionary markets.

Management described the broader M&A market as “K-shaped,” with large-cap activity remaining strong while the middle market has not returned to normal conditions. Adelson said the firm continues to see improvement in new mandates, the types of assignments being signed, and the percentage of deals entering the market.

“The party’s been going on for a while in the large cap,” Adelson said. “The party either hasn’t started or is just about to start on the midcap side.”

Restructuring Outlook Remains Elevated Financial Restructuring revenue was $119 million, generally meeting the company’s expectations. The group closed 23 transactions during the quarter, down 34% from a year earlier, though average fees on completed transactions increased.

Adelson said restructuring activity remains strong amid volatility in energy markets and dislocation in private credit and software. He said the firm expects restructuring activity to remain elevated through fiscal 2027 and that opportunities continue to increase, although it can take time for assignments to progress through the pipeline.

Software has been one driver of restructuring demand, according to management. Alley said the company’s investments in technology and software advisory could position it to benefit from potential software restructurings over the next two to three years, given the number of highly leveraged businesses in that sector.

FVA Growth Offsets Some Advisory Weakness Financial and Valuation Advisory revenue increased 13% year over year to $89 million. The business recorded 1,042 fee events, up 9% from 957 in the prior-year period.

Alley said FVA has benefited from strong momentum in large-cap transactions, though it is also seeing some of the same mid-market M&A headwinds affecting Corporate Finance. Adelson said the segment’s balanced model across industries and transaction sizes supported its performance.

The company also highlighted its partnership with Morningstar to establish a jointly branded benchmark for the collateralized loan obligation market. Management said any near-term revenue contribution from the partnership would be minimal, describing it instead as an initial step toward using the company’s data resources to support clients and potentially generate revenue over the longer term.

Adelson said the firm sees AI as a meaningful opportunity across its businesses. In valuation services, he said technology could widen the competitive gap between larger firms able to invest in technology and smaller competitors. Management noted that technology can reduce average pricing in some valuation services while expanding the volume and frequency of client work.

Expenses, Hiring and Acquisition Plans Houlihan Lokey’s adjusted compensation expense ratio was 61.5%, unchanged from the prior-year quarter. Alley said the firm expects to maintain its long-term 61.5% target for the full fiscal year, while Adelson said management sees no reason to alter that approach despite the softer Corporate Finance quarter.

Adjusted non-compensation expenses rose 6% to $100 million. Alley said the quarterly figure was largely consistent with expectations and reflected timing rather than a specific unusual expense item. The company expects full-year non-compensation expense growth to be similar to the prior year.

The adjusted effective tax rate was 13%, compared with negative 1% a year earlier, primarily due to lower stock-based tax benefits associated with the company’s annual May vesting of compensation-related stock. Management expects a full-year adjusted tax rate of 26% to 28%.

During the quarter, the company issued about 1.3 million shares to employees as part of fiscal 2026 year-end compensation and repurchased approximately 1.1 million shares, including roughly 800,000 shares withheld to cover obligations and 300,000 shares through its share repurchase program.

Houlihan Lokey announced the acquisition of Intrepid Financial Partners, an energy-focused independent investment bank, during the quarter. The transaction is expected to close by the end of the second fiscal quarter and add 32 employees. The company also hired three managing directors and said its acquisition pipeline remained active.

Adelson said management remains confident in the company’s longer-term growth prospects despite uncertainty around the timing of a normalization in middle-market M&A conditions.

About Houlihan Lokey (NYSE:HLI)Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm's core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Houlihan Lokey (HLI - Free Report) came out with quarterly earnings of $1.35 per share, missing the Zacks Consensus Estimate of $1.64 per share. This compares to earnings of $2.14 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -17.68%. A quarter ago, it was expected that this investment banking company would post earnings of $1.84 per share when it actually produced earnings of $1.63, delivering a surprise of -11.41%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Houlihan Lokey, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $511 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 15.19%. This compares to year-ago revenues of $605.35 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Houlihan Lokey shares have lost about 16.5% since the beginning of the year versus the S&P 500's gain of 8.5%.

What's Next for Houlihan Lokey?While Houlihan Lokey has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Houlihan Lokey was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.85 on $683.71 million in revenues for the coming quarter and $7.91 on $2.89 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, HA Sustainable Infrastructure Capital (HASI - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.

This provider of financing for sustainable infrastructure projects is expected to post quarterly earnings of $0.73 per share in its upcoming report, which represents a year-over-year change of +21.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

HA Sustainable Infrastructure Capital's revenues are expected to be $18.1 million, up 269.4% from the year-ago quarter.

LOS ANGELES--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI) (“Houlihan Lokey” or the “Company”) today reported financial results for its first quarter ended June 30, 2026. For the first quarter ended June 30, 2026, revenues were $511 million, compared with $605 million for the first quarter ended June 30, 2025. Net income attributable to Houlihan Lokey, Inc. was $78 million, or $1.15 per diluted share, for the first quarter ended June 30, 2026, compared with $98 million, or $1.42 per diluted.

The market expects Houlihan Lokey (HLI - Free Report) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 29. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis investment banking company is expected to post quarterly earnings of $1.64 per share in its upcoming report, which represents a year-over-year change of -23.4%.

Revenues are expected to be $614.11 million, up 1.5% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 9.55% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Houlihan Lokey?For Houlihan Lokey, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that Houlihan Lokey will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Houlihan Lokey would post earnings of $1.84 per share when it actually produced earnings of $1.63, delivering a surprise of -11.41%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Houlihan Lokey doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerAnother stock from the Zacks Financial - Miscellaneous Services industry, PJT Partners (PJT - Free Report) , is soon expected to post earnings of $1.65 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +7.1%. Revenues for the quarter are expected to be $443 million, up 8.9% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for PJT Partners has been revised 3.9% down to the current level. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that PJT Partners will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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LOS ANGELES--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that it will release its first quarter results for the 2027 fiscal year on Wednesday, July 29, 2026, after the close of trading on the New York Stock Exchange. Houlihan Lokey will host a conference call at 5:00 p.m. (ET) that same day to review the results.

On the call, Scott Adelson, Chief Executive Officer, and Lindsey Alley, Chief Financial Officer, will discuss the fiscal 2027 first quarter results and provide commentary on business performance. A question and answer session with analysts and investors will follow the prepared remarks.

Access to the live conference call will be available via telephone or audio webcast.

To Participate via Telephone

Participants are advised to dial into the call at least 10 minutes prior in order to register.

Domestic Toll-Free Dial-In Number: 1-844-501-1995
International Dial-In Number: 1-412-345-3006
Conference ID: 10210272

Participants can also click the Call me™ link below for instant telephone access to the event. The Call me™ link will be made active 15 minutes prior to the scheduled start time.

Call me™ link: Click Here
Passcode: 0695225

To Participate via Webcast

Access to the conference call will also be available via audio webcast through the “Investor Relations” section of the Company’s website, www.hl.com.

Conference Call Playback

A telephonic audio replay of the conference call will be available after 8:00 p.m. (ET) on July 29, 2026, through August 5, 2026, and can be accessed by dialing one of the numbers below and entering the replay pin number.

Domestic Toll-Free Dial-In Number: 1-844-512-2921
International Dial-In Number: 1-412-317-6671
Replay Pin Number: 10210272

A replay of the audio webcast will also be archived on the Company’s website, www.hl.com.

About Houlihan Lokey

Houlihan Lokey, Inc. (NYSE:HLI) is a leading global investment bank recognized for delivering independent strategic and financial advice to corporations, financial sponsors, and governments. With uniquely deep industry expertise, broad international reach, and a partnership approach rooted in trust, the firm provides innovative, integrated solutions across mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Our unmatched transaction volumes provide differentiated, data-driven perspectives that help our clients achieve their most critical goals. To learn more about Houlihan Lokey, please visit HL.com.

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Transaction Will Substantially Grow the Firm’s Coverage Capabilities Across the Oil and Gas Industry

HOUSTON & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, has agreed to acquire Intrepid Financial Partners, LLC (Intrepid), a premier independent investment bank specializing in providing advisory services to the energy sector. The transaction, signed June 27, 2026, adds substantially to the firm’s comprehensive coverage of the energy sector. The transaction is expected to be completed before September 30, 2026, following regulatory approval. Intrepid Investment Management, LLC, Intrepid’s investment management business, is not part of the transaction and will continue to operate as a separate entity under the same name.

Founded in 2015 by Hugh E. “Skip” McGee III and Christopher F. Winchenbaugh, Intrepid is a leader in providing mergers and acquisitions, fairness opinions, capital raising, and restructuring services to clients across the energy sector, including exploration and production, midstream and infrastructure, downstream and retail, energy services and technology, and energy transition. Since its founding, Intrepid has advised on more than 120 transactions in the energy sector totaling more than $215 billion.

“Intrepid’s suite of services is a perfect match with Houlihan Lokey, and its comprehensive coverage of the energy sector adds significantly to our longtime strategy of delivering the deepest possible sector expertise to our global client base. This acquisition is an outstanding addition to the Oil & Gas Group and to our overall business as we continue to grow our capabilities,” said Larry DeAngelo, Global Co-Head of Corporate Finance at Houlihan Lokey.

Following the transaction, the Intrepid team will join Houlihan Lokey’s global Oil & Gas Group. Mr. McGee, CEO of Intrepid, will join as a Managing Director and Global Chairman of Oil & Gas. Mr. Winchenbaugh, President of Intrepid, will join as a Managing Director and Global Co-Head of Oil & Gas alongside J.P. Hanson, currently Global Head of Oil & Gas at Houlihan Lokey. The acquisition will add 34 financial professionals to Houlihan Lokey’s Oil & Gas team, bringing the global team to more than 70 financial professionals worldwide. On a pro forma basis, according to data from LSEG, the new combined group advised on 23 U.S. Energy and Power M&A transactions in 2025.

“Houlihan Lokey’s comprehensive matrix of products, services, and global footprint, alongside a passionate dedication to its clients, represents an excellent business compatibility and cultural fit with Intrepid’s platform and our ‘client-first’ philosophy. We cannot think of a better home for Intrepid, our team, and our clients, and we’re delighted to be joining the Oil & Gas Group alongside J.P. and his team,” said Mr. McGee. “As part of the Houlihan Lokey team, we will be able to deliver additional products and continue to deliver the best advice to our clients, which is at the core of what we do.”

“Intrepid’s strength in corporate M&A advisory, particularly in the upstream, midstream, and alternative energy sectors, combined with Houlihan Lokey’s global strength in M&A across upstream, midstream, and downstream, as well as technical asset-level acquisition and divestiture (A&D) advisory in the upstream sector, establishes one of the most comprehensive energy advisors, with superior capabilities across all facets of the oil and gas industry and broader energy spectrum,” said Mr. Hanson. “I’m excited to partner with Skip, Chris, and the Intrepid team to grow the business and continue to provide outstanding advice and results to our energy clients.”

“This combination is exceptionally timely,” said Mr. Winchenbaugh. “We are currently navigating a highly compelling seller’s market, driven by volatility with stark pricing dislocations and massive pools of dedicated capital actively seeking deployment amid uncertainty in the energy markets. I have no doubt our clients will benefit tremendously from the strong synergies and centers of expertise that this acquisition establishes.”

Houlihan Lokey’s Oil & Gas Group provides M&A and A&D advisory, capital raising, valuation, and financial recapitalization/restructuring, as well as financial and board advisory services to clients around the world. The global, cross-product, industry-dedicated team consists of more than 40 highly experienced professionals, including an A&D/technical team led by a group of technically focused industry professionals with an average of 25+ years of industry experience. In 2025, Houlihan Lokey was ranked as the No. 1 advisor for U.S. Energy and Power M&A transactions under $1 billion, according to data from LSEG.

About Houlihan Lokey

Houlihan Lokey, Inc. (NYSE:HLI) is a leading global investment bank recognized for delivering independent strategic and financial advice to corporations, financial sponsors, and governments. With uniquely deep industry expertise, broad international reach, and a partnership approach rooted in trust, the firm provides innovative, integrated solutions across mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Our unmatched transaction volumes provide differentiated, data-driven perspectives that help our clients achieve their most critical goals. To learn more about Houlihan Lokey, please visit HL.com.

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Morningstar Houlihan CLO Indexes, to be introduced later this year, are designed to improve transparency and consistency in rapidly growing but still underserved market for CLO indexes, data, and research.

CHICAGO--(BUSINESS WIRE)--Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment insights and market data, today announced a strategic collaboration with leading global investment bank Houlihan Lokey (NYSE: HLI) to develop a new suite of daily valuation indexes to help investors measure and invest in collateralized loan obligations (CLOs).

Through this new initiative, Morningstar Indexes will work with Houlihan Lokey’s Portfolio Valuation and Fund Advisory Services team to develop the Morningstar Houlihan CLO Indexes. The index series will combine Morningstar’s design and governance with Houlihan Lokey’s valuation framework and credit market expertise to address the growing need for reliable benchmarks in the rapidly expanding CLO market.

CLOs have evolved in the last decade from a niche structured product into a trillion-dollar global asset class, driven by growing investor demand for yield, floating-rate exposure, and diversified credit alternatives. Industry experts estimate that the global CLO market, which has grown into more than $1.5 trillion in assets, could exceed $3 trillion in investor assets by 2030.*

As the market has expanded, however, the availability of consistent benchmarks and transparent, frequent pricing has not kept pace, making it harder for investors to assess performance and risk with confidence. The new indexes will establish a new benchmark standard for the CLO market, enabling investors to better assess performance, manage risk, and navigate an increasingly important segment of private credit.

Sanjay Arya, head of innovation for Morningstar Indexes, commented: “We’re thrilled to join forces with Houlihan Lokey, the market leader in valuations for illiquid assets and a recognized authority in CLO pricing and credit market analytics, to address a clear investor need. Alongside our existing category leading leveraged loan indexes, this collaboration will enable Morningstar to introduce a new family of benchmarks in one of the fastest-growing segments of private credit and bring more transparency to private markets.”

Dr. Cindy Ma, managing director and global head of portfolio valuation and fund advisory services for Houlihan Lokey, commented: “The growth of the CLO market, a highly specialized asset class, has outpaced the development of high-quality investor tools. As complexity and assets rise, data, transparency, and advanced analytics are becoming critical competitive differentiators for investors operating in this market. We’re excited to work with Morningstar Indexes to better serve the rapidly growing CLO investor market.”

About Morningstar Indexes

Morningstar Indexes was built to keep up with the evolving needs of investors—and to be a leading-edge advocate for them. Morningstar's rich heritage as a transparent, investor-focused leader in data and research uniquely equips Morningstar Indexes to support individuals, institutions, wealth managers and advisors in navigating investment opportunities across all major asset classes, styles, and strategies. In February 2026, the acquisition of CRSP brought the CRSP Market Indexes – benchmarks for over $3 trillion in US equities – into the Morningstar Indexes family. Additionally, CRSP’s Research Data Products, renowned for their academic rigor, historical depth and accuracy, further enhances Morningstar’s equity research and data capabilities. This powerful combination unites two trusted sources of market insight, reinforcing a shared commitment to transparency, quality and investor-focused solutions. Please visit indexes.morningstar.com for more information.

About Houlihan Lokey

Houlihan Lokey, Inc. is a leading global investment bank recognized for delivering independent strategic and financial advice to corporations, financial sponsors, and governments. With uniquely deep industry expertise, broad international reach, and a partnership approach rooted in trust, the firm provides innovative, integrated solutions across mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Our unmatched transaction volumes provide differentiated, data-driven perspectives that help our clients achieve their most critical goals. To learn more about Houlihan Lokey, please visit HL.com.

Houlihan Lokey’s Portfolio Valuation and Fund Advisory Services practice is a leading advisor to many of the world’s largest asset managers who rely on our (i) strong reputation with regulators, auditors, and investors; (ii) private company, structured product, and derivative valuation experience; and (iii) independent voice.

About Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, institutional investors in the debt and private capital markets, and alliances and redistributors. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $370 billion in assets under management and advisement (AUMA) as of March 31, 2026. The Company operates through wholly- or majority-owned subsidiaries in 32 countries. For more information, visit www.morningstar.com/company.

©2026 Morningstar, Inc. All rights reserved.

*Source: Bank of America and The Business Research Company

MORN-P

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Explore the exciting world of Houlihan Lokey (HLI 0.14%) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!
*Stock prices used were the prices of Feb. 11, 2026. The video was published on April 9, 2026.

Anand Chokkavelu has no position in any of the stocks mentioned. Jason Hall has no position in any of the stocks mentioned. Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Houlihan Lokey. The Motley Fool has a disclosure policy.

Investors with an interest in Financial - Miscellaneous Services stocks have likely encountered both XP Inc.A (XP - Free Report) and Houlihan Lokey (HLI - Free Report) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.

XP Inc.A and Houlihan Lokey are sporting Zacks Ranks of #2 (Buy) and #3 (Hold), respectively, right now. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that XP is likely seeing its earnings outlook improve to a greater extent. But this is only part of the picture for value investors.

Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.

Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.

XP currently has a forward P/E ratio of 9.91, while HLI has a forward P/E of 18.41. We also note that XP has a PEG ratio of 0.65. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. HLI currently has a PEG ratio of 1.14.

Another notable valuation metric for XP is its P/B ratio of 2.6. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, HLI has a P/B of 4.89.

These are just a few of the metrics contributing to XP's Value grade of A and HLI's Value grade of C.

XP stands above HLI thanks to its solid earnings outlook, and based on these valuation figures, we also feel that XP is the superior value option right now.

Houlihan Lokey (HLI - Free Report) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 6. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis investment banking company is expected to post quarterly earnings of $1.84 per share in its upcoming report, which represents a year-over-year change of -6.1%.

Revenues are expected to be $687.1 million, up 3.1% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 4.48% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Houlihan Lokey?For Houlihan Lokey, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -4.12%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Houlihan Lokey will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Houlihan Lokey would post earnings of $1.85 per share when it actually produced earnings of $1.94, delivering a surprise of +4.86%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Houlihan Lokey doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsUpstart Holdings, Inc. (UPST - Free Report) , another stock in the Zacks Financial - Miscellaneous Services industry, is expected to report earnings per share of $0.39 for the quarter ended March 2026. This estimate points to a year-over-year change of +30%. Revenues for the quarter are expected to be $289.36 million, up 35.6% from the year-ago quarter.

The consensus EPS estimate for Upstart has remained unchanged over the last 30 days. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +6.03%.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Upstart will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Coinbase Global, Inc. (COIN - Free Report) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on May 7, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis company is expected to post quarterly earnings of $0.36 per share in its upcoming report, which represents a year-over-year change of -81.4%.

Revenues are expected to be $1.5 billion, down 26.1% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 10.8% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Coinbase Global?For Coinbase Global, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -18.69%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Coinbase Global will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Coinbase Global would post earnings of $0.92 per share when it actually produced earnings of $0.66, delivering a surprise of -28.26%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Coinbase Global doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerHoulihan Lokey (HLI - Free Report) , another stock in the Zacks Financial - Miscellaneous Services industry, is expected to report earnings per share of $1.84 for the quarter ended March 2026. This estimate points to a year-over-year change of -6.1%. Revenues for the quarter are expected to be $687.1 million, up 3.1% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Houlihan Lokey has been revised 4.5% down to the current level. Nevertheless, the company now has an Earnings ESP of -4.12%, reflecting a lower Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Houlihan Lokey will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

LOS ANGELES--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI) (“Houlihan Lokey” or the “Company”) today reported financial results for its fiscal year and fourth quarter ended March 31, 2026. For the fiscal year, revenues were $2.62 billion, compared with $2.39 billion for the fiscal year ended March 31, 2025. For the fourth quarter ended March 31, 2026, revenues were $636 million, compared with $666 million for the fourth quarter ended March 31, 2025. Net income attributable to Houlihan Lokey,.

Houlihan Lokey (HLI - Free Report) came out with quarterly earnings of $1.63 per share, missing the Zacks Consensus Estimate of $1.84 per share. This compares to earnings of $1.96 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -11.53%. A quarter ago, it was expected that this investment banking company would post earnings of $1.85 per share when it actually produced earnings of $1.94, delivering a surprise of +4.86%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Houlihan Lokey, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $635.64 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 7.49%. This compares to year-ago revenues of $666.42 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Houlihan Lokey shares have lost about 13.8% since the beginning of the year versus the S&P 500's gain of 6%.

What's Next for Houlihan Lokey?While Houlihan Lokey has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Houlihan Lokey was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.14 on $665.71 million in revenues for the coming quarter and $8.73 on $3.03 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, AlTi Global, Inc. (ALTI - Free Report) , has yet to report results for the quarter ended March 2026.

This company is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of +20%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

AlTi Global, Inc.'s revenues are expected to be $63.8 million, up 10.1% from the year-ago quarter.

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Newtown Square, Pennsylvania--(Newsfile Corp. - May 27, 2026) - Kaskela Law LLC is investigating Houlihan Lokey, Inc. (NYSE: HLI) ("Houlihan Lokey") on behalf of the company's shareholders.

The investigation seeks to determine whether Houlihan Lokey and/or the company's officers and directors violated the securities laws or breached their fiduciary duties to the company's investors in connection with recent corporate actions.

Houlihan Lokey shareholders who would like to learn more about this investigation and their legal rights and options are encouraged to contact lead attorney Adrienne Bell, Esquire at (484) 229 - 0750, by email at [email protected], or by filling out our online form at:

https://kaskelalaw.com/case/houlihan-lokey/

ABOUT KASKELA LAW:

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis (i.e., the firm's clients are never responsible for any out-of-pocket costs for legal representation). Since 2020, the firm has helped to recover over $500 million for investors. For additional information about Kaskela Law LLC, including the firm's recent notable recoveries for investors, please visit www.kaskelalaw.com.

This communication may constitute attorney advertising in certain jurisdictions.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298946

Source: Kaskela Law LLC

Houlihan Lokey, Inc. NYSE:HLI , the global investment bank, announced today that Dave Buscaglia has joined as a Managing Director in its Business Services Group. Based in New York, Mr. Buscaglia will cover the specialty consulting and risk services sectors.

Mr. Buscaglia joins the firm following five years as a Managing Director in Stifel’s Business Services Group. At Stifel, his coverage included professional services, including accounting, advisory, consulting, and HCM, as well as essential services such as facility, route-based, and event/hospitality services. Prior to joining Stifel, Mr. Buscaglia spent seven years at Nomura Securities International as a Managing Director in its global Business Services Group.

“Dave brings an exceptional combination of strategic insight, deep industry experience, and a collaborative approach that resonates with both clients and colleagues,” said Ranon Kent, Managing Director and Global Head of Houlihan Lokey’s Business Services Group. “His proven ability to navigate complex situations and deliver meaningful results will be a tremendous asset to our team as we continue to grow and serve our clients at the highest level.”

Thomas Bailey, Managing Director in Houlihan Lokey’s Business Services Group, added, “Dave has built a strong reputation for thoughtful leadership and trusted execution throughout his career. We are excited to welcome him to the firm and believe his perspective and expertise will meaningfully enhance and strengthen our specialty consulting and risk services coverage.”

“I’m thrilled to join such a highly regarded organization alongside an accomplished and talented team,” said Mr. Buscaglia. “The firm’s commitment to excellence and client service strongly aligns with my own values, and I look forward to working collaboratively to help drive impactful outcomes for our clients.”

Houlihan Lokey’s Business Services Group has earned a reputation for providing superior service and achieving outstanding results in M&A advisory, capital-raising, restructuring, and financial and valuation advisory services. In 2025, the group was ranked as the No. 1 business services M&A advisor for all global transactions, with 92 deals.*

*2025 M&A Advisory Rankings—All Global Business Services Transactions. Source: LSEG. Excludes accounting firms and brokers.

About Houlihan Lokey

Houlihan Lokey, Inc. NYSE:HLI is a leading global investment bank recognized for delivering independent strategic and financial advice to corporations, financial sponsors, and governments. With uniquely deep industry expertise, broad international reach, and a partnership approach rooted in trust, the firm provides innovative, integrated solutions across mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Our unmatched transaction volumes provide differentiated, data-driven perspectives that help our clients achieve their most critical goals. To learn more about Houlihan Lokey, please visit HL.com.

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