Overview

* Houlihan Lokey ( HLI ) fiscal Q2 revenue of $659 mln beats analyst expectations, per LSEG data

* Adjusted net income for fiscal Q2 beats estimates, reflecting strong segment performance

* Company announces $0.60 per share dividend for fiscal Q3

Outlook

* Company did not provide specific future guidance in the statement

Result Drivers

* CORPORATE FINANCE - Revenues increased 21% due to more closed transactions driven by favorable M&A and Capital Solutions market conditions

* FINANCIAL RESTRUCTURING - Revenues rose 2% due to more closed transactions amid favorable restructuring market conditions

* VALUATION ADVISORY - Revenues grew 10% driven by increased Fee Events and improvements in M&A markets

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $659.45 $648.14

Revenue mln mln (6

Analysts

)

Q2 EPS $1.63

Q2 Beat $127 mln $115.86

Adjusted mln (5

Net Analysts

Income )

Q2 Net $111.78

Income mln

Q2 EBIT $151.34

mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the investment banking & brokerage services peer group is "buy."

* Wall Street's median 12-month price target for Houlihan Lokey Inc ( HLI ) is $213.00, about 6.9% above its October 29 closing price of $198.38

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)