Houlihan Lokey Q1 Revenue Misses by 19%, Blames Middle East and Tech Slowdown
HLI is trading near its 52-week low of $130.72 (0.4% above the low).
Summary
Houlihan Lokey's fiscal Q1 revenue plunged 15% to $511M, missing consensus by $119M, while adjusted net income of $91M fell well short of the $121M estimate. Management blamed instability in the Middle East and software-sector disruptions for the Corporate Finance weakness, with lower average transaction fees and fewer restructuring deals compounding the miss. The stock is already trading near its 52-week low of $130.72, and this report adds to a string of disappointing results following the Q4 miss in May. The company expects headwinds to be temporary but offered no clear recovery timeline, leaving traders to question when the deal pipeline will normalize.
At the time of this announcement, HLI was trading at $131.29 on NYSE in the Finance sector, with a market capitalization of approximately $9.7B. The 52-week trading range was $130.72 to $211.78. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.