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.
NEW YORK--(BUSINESS WIRE)--Dan Buffery has joined Houlihan Lokey's Capital Solutions team as a Managing Director to help lead North American GP-led secondaries advisory.
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.
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.
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.
Key Takeaways Houlihan Lokey expands its energy advisory business with the Intrepid acquisition.Intrepid brings experience of 120 energy deals worth over $215 billion and veteran bankers.The deal boosts HLI's ability to win higher-value M&A and capital markets mandates. Houlihan Lokey, Inc. (HLI - Free Report) recently agreed to acquire Intrepid Financial Partners, an independent investment bank focused on advising clients across the energy sector. The deal, signed on June 27, is expected to close before Sept. 30, 2026. As part of the transaction, Intrepid’s investment banking professionals will join Houlihan Lokey, while Intrepid Investment Management will remain a separate business and is not included in the acquisition.
Intrepid founder and CEO Hugh “Skip” McGee III will become managing director and global chairman of Houlihan Lokey’s Oil & Gas Group, strengthening the firm’s leadership and expertise in energy-focused advisory services. The acquisition significantly expands Houlihan Lokey’s presence in one of the most active advisory markets. Intrepid brings 34 financial professionals, increasing HLI’s global energy team to more than 70 specialists.
The combined platform broadens the firm’s ability to advise oil and gas companies on mergers, acquisitions, restructurings and capital markets transactions and boosts its competitive position. It also brings veteran energy bankers Skip McGee and Christopher Winchenbaugh to the firm.
Financial terms of the acquisition are yet to be disclosed. The transaction is expected to enhance Houlihan Lokey’s long-term revenue potential by expanding its capabilities in the sector, where deal activity can generate substantial fee income. The combined entity advised on 23 U.S. Energy and Power M&A deals last year, on a pro forma basis.
Intrepid brings a proven track record, having advised on more than 120 energy transactions totaling over $215 billion since its inception. A larger team and broader client network should improve Houlihan Lokey’s ability to win mandates across deals and capital-raising transactions and innovate additional products. Because it adds specialized talent rather than another asset-heavy business, it also fits HLI’s strategy of growing through targeted advisory acquisitions.
Price PerformanceHoulihan Lokey shares have decreased 26.1% in the past year compared with the 23.6% decline of the industry it belongs to.
Image Source: Zacks Investment Research
Zacks Rank & Key PicksHoulihan Lokey currently carries a Zacks Rank #3 (Hold).
Investors interested in the broader Finance space can consider some better-ranked companies like Chime Financial, Inc. (CHYM - Free Report) , Acadian Asset Management Inc. (AAMI - Free Report) and Alerus Financial Corporation (ALRS - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The consensus mark for Chime Financial’s current year earnings is pegged at 30 cents per share, indicating 107% year-over-year improvement. It beat earnings estimates in three of the past four quarters and missed once, with an average surprise of 90.8%. Furthermore, the consensus estimate for CHYM’s revenues in 2026 suggests 22.6% year-over-year growth.
The Zacks Consensus Estimate for Acadian Asset Management’s current year earnings is pegged at $5.11 per share, signaling a 57.2% year-over-year surge. It beat earnings estimates in three of the past four quarters and missed once, with an average surprise of 8.6%. Also, the consensus mark for AAMI’s revenues in the current year is pegged at $785.87 million, suggesting 42.7% year-over-year growth.
The Zacks Consensus Estimate for Alerus Financial’s current year earnings is pegged at $3.02 per share, which indicates 8.6% year-over-year growth. It has witnessed two upward estimate revisions against none in the opposite direction in the past week. ALRS beat earnings estimates in all the past four quarters, with an average surprise of 35.8%.
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.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260630315767/en/
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.
Exchange Traded Concepts LLC lifted its position in Houlihan Lokey, Inc. (NYSE:HLI – Free Report) by 26.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,543 shares of the financial services provider’s stock after purchasing an additional 3,717 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Houlihan Lokey were worth $3,056,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Mayflower Financial Advisors LLC acquired a new stake in shares of Houlihan Lokey in the 3rd quarter worth $230,335,000. Norges Bank acquired a new position in shares of Houlihan Lokey during the second quarter worth about $126,723,000. Thrivent Financial for Lutherans increased its stake in shares of Houlihan Lokey by 75.6% during the third quarter. Thrivent Financial for Lutherans now owns 713,494 shares of the financial services provider’s stock worth $146,495,000 after acquiring an additional 307,214 shares during the period. Qube Research & Technologies Ltd raised its holdings in Houlihan Lokey by 153.8% during the second quarter. Qube Research & Technologies Ltd now owns 274,387 shares of the financial services provider’s stock worth $49,376,000 after purchasing an additional 166,285 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in Houlihan Lokey by 19.7% during the third quarter. Capital Research Global Investors now owns 956,441 shares of the financial services provider’s stock worth $196,376,000 after purchasing an additional 157,605 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.
Insider Buying and Selling In other Houlihan Lokey news, Director Robert A. Schriesheim sold 5,000 shares of Houlihan Lokey stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $170.86, for a total value of $854,300.00. Following the completion of the sale, the director directly owned 27,982 shares of the company’s stock, valued at approximately $4,781,004.52. The trade was a 15.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Christopher M. Crain sold 500 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $174.17, for a total value of $87,085.00. The disclosure for this sale is available in the SEC filing. 22.83% of the stock is currently owned by company insiders.
Analyst Ratings Changes A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their price objective on Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. UBS Group cut their target price on Houlihan Lokey from $196.00 to $163.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. The Goldman Sachs Group decreased their price target on Houlihan Lokey from $243.00 to $210.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Weiss Ratings lowered Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 9th. Finally, BMO Capital Markets increased their price objective on Houlihan Lokey from $209.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Houlihan Lokey presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.57.
Read Our Latest Analysis on HLI
Houlihan Lokey Price Performance HLI stock opened at $143.47 on Wednesday. The company’s 50 day simple moving average is $159.85 and its 200-day simple moving average is $177.03. The firm has a market capitalization of $10.01 billion, a PE ratio of 22.04 and a beta of 0.95. Houlihan Lokey, Inc. has a 12 month low of $134.41 and a 12 month high of $211.78.
Houlihan Lokey (NYSE:HLI – Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.09. Houlihan Lokey had a return on equity of 24.46% and a net margin of 16.91%.During the same quarter in the prior year, the company posted $1.64 earnings per share. Houlihan Lokey’s revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.
Houlihan Lokey Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 15th. Investors of record on Monday, March 2nd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.40 annualized dividend and a dividend yield of 1.7%. Houlihan Lokey’s dividend payout ratio is presently 36.87%.
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.
Further Reading Five stocks we like better than Houlihan Lokey 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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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.
LOS ANGELES--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that it will release its fourth quarter and full year results for the 2026 fiscal year on Wednesday, May 6, 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.
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.
PJT Partners (PJT - Free Report) came out with quarterly earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.51 per share. This compares to earnings of $1.05 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +1.99%. A quarter ago, it was expected that this investment bank would post earnings of $2.41 per share when it actually produced earnings of $2.55, delivering a surprise of +5.81%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
PJT Partners, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $418.2 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.75%. This compares to year-ago revenues of $324.53 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.
PJT Partners shares have lost about 6.8% since the beginning of the year versus the S&P 500's gain of 4.8%.
What's Next for PJT Partners?While PJT Partners 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 PJT Partners 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 $1.58 on $426 million in revenues for the coming quarter and $7.65 on $1.89 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 top 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.
Houlihan Lokey (HLI - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on May 6.
This 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%. The consensus EPS estimate for the quarter has been revised 4.5% lower over the last 30 days to the current level.
Houlihan Lokey's revenues are expected to be $687.1 million, up 3.1% from the year-ago quarter.
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.
Investors in Houlihan Lokey, Inc. (HLI - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the June 18, 2026 $105.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for Houlihan Lokey shares, but what is the fundamental picture for the company? Currently, Houlihan Lokey is a Zacks Rank #3 (Hold) in the Financial - Miscellaneous Services industry that ranks in the Top 26% of our Zacks Industry Rank. Over the last 60 days, one analyst has increased the earnings estimate for the current quarter, while two have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $2.24 per share to $2.14 in that period.
Given the way analysts feel about Houlihan Lokey right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
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.
HOUSTON, May 04, 2026 (GLOBE NEWSWIRE) -- Lexitas, a leading provider of technology‑enabled litigation support services, today announced that Chief Executive Officer Nishat Mehta will participate in a panel at the 2026 ONE Houlihan Lokey Global Conference, taking place May 12–14, 2026, at the New York Marriott Marquis.
Mehta will join the panel, “Litigation Support and the Impact of AI,” scheduled for 2:45 p.m. ET on Tuesday, May 12, alongside Mark Williams, Chief Executive Officer of Magna, and Andrew Whelan, Chief Executive Officer of Esquire. The discussion will explore how artificial intelligence is reshaping litigation support services, influencing operational models, and redefining expectations around efficiency, quality, and accountability across the legal ecosystem.
During the session, Mehta will share Lexitas’ perspective on responsible AI adoption in highly regulated, defensible environments. He will discuss how litigation support providers are leveraging AI to deliver improved capabilities for clients, enhance decision-making, streamline workflows, and create long-term value, while maintaining the trust, transparency, and compliance demanded by courts, law firms, and corporate clients.
Mehta also will address how Lexitas approaches AI as a strategic capability rather than a one-off technology initiative, with emphasis on thoughtful upskilling of their workforce, implementation across internal operations, and creation of client-facing solutions. Drawing from Lexitas’ experience, he will offer insight into how mature AI programs can drive efficiency and innovation while reinforcing human accountability, an increasingly important lens for investors and industry leaders alike.
The ONE Houlihan Lokey Global Conference brings together corporate leaders, investors, and advisors from across industries to explore themes shaping global markets, including business services, financial services, and technology. The invitation-only conference serves as a forum for executive-level discussion and insight across sectors.
Founded in 1987, Lexitas, the leading provider of technology-enabled litigation services, delivers legal support expertise in Court Reporting, Record Retrieval, Process Service, and Legal Staffing services that are truly Critical to the Case. The company has been recognized by Inc. as a 2025 Best in Business Award winner for Best AI Implementation in the Extra-Large Company category, following its inclusion on the 2024 Best in Business list. Lexitas also earned a place on the Inc. 5000 list for nine consecutive years, reflecting sustained growth and industry impact. Serving legal, insurance, and corporate leaders, Lexitas leverages proprietary technology and highly responsive professional services to help move the practice and business of law forward.
About Lexitas
Lexitas is the industry-leading legal tech provider of solutions for the legal profession, serving lawyers, law firms, courts, corporations, third-party administrators, and insurance companies across the country. Lexitas’ product offerings include court reporting, record retrieval, legal staffing, commercial contracts outsourcing, document review, and process service. With customized, high-quality solutions backed by more than 1,300 full-time team members, Lexitas is ready to deploy—anytime, anywhere. For more information, visit https://lexitaslegal.com.
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.
For the quarter ended March 2026, Houlihan Lokey (HLI - Free Report) reported revenue of $635.64 million, down 4.6% over the same period last year. EPS came in at $1.63, compared to $1.96 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $687.1 million, representing a surprise of -7.49%. The company delivered an EPS surprise of -11.53%, with the consensus EPS estimate being $1.84.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Houlihan Lokey performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Number of Managing Directors - Corporate Finance: 251 versus 246 estimated by two analysts on average.Number of Managing Directors - Financial and Valuation Advisory: 44 versus the two-analyst average estimate of 45.Number of Managing Directors - Financial Restructuring: 59 compared to the 60 average estimate based on two analysts.Revenues- Corporate Finance: $433.77 million versus the three-analyst average estimate of $448.84 million.Revenues- Financial and Valuation Advisory: $91.49 million compared to the $95.51 million average estimate based on three analysts.Revenues- Financial Restructuring: $110.38 million versus the three-analyst average estimate of $137.21 million.View all Key Company Metrics for Houlihan Lokey here>>>
Shares of Houlihan Lokey have returned +5.1% over the past month versus the Zacks S&P 500 composite's +10.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Roots (TSE:ROOT) reported higher first-quarter sales for fiscal 2026 as growth in its direct-to-consumer business and partner channels helped offset pressure from temporary gross margin headwinds and higher project-related expenses. President and Chief Executive Officer Meghan Roach said the compan
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NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Eric Crowley has joined as a Managing Director in the firm's Global Technology Group. Based in San Francisco, Mr. Crowley will focus on consumer subscription software, consumer technology and ad-tech sectors for the firm. Mr. Crowley brings more than a decade of investment banking and operating experience advising founders, executives, and investors. At GP Bullhound, he led the firm's Co.
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
NEW YORK--(BUSINESS WIRE)--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.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260601511940/en/
NEW YORK--(BUSINESS WIRE)--Bodo Krug von Nidda has joined Houlihan Lokey in New York as a Managing Director in Capital Solutions. He will focus on real estate GP Secondaries.
