Hamilton Lane Inc reports results for the quarter ended June 30 - Earnings Summary

• Hamilton Lane Inc HLNE.OQ reported quarterly adjusted earnings of $1.31​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.51. The mean expectation of five analysts for the quarter was for earnings of $1.01 per share. Wall Street expected results to range from 86 cents to $1.08 per share.

• Revenue fell 10.6% to $175.96 million from a year ago; analysts expected $170.78 million.

• Hamilton Lane Inc's reported EPS for the quarter was $1.28​.

• The company reported quarterly net income of $53.75 million.

• Hamilton Lane Inc shares had risen by 6.2% this quarter and gained 1.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the investment management & fund operators peer group is "buy."

• Wall Street's median 12-month price target for Hamilton Lane Inc is $160.00, about 5.7% above its last closing price of $150.90

This summary was machine generated from LSEG data August 5 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)