Alternative investment management firm Hamilton Lane (NASDAQ: HLNE) will be reporting earnings this Tuesday before market hours. Here’s what to look for.
Hamilton Lane beat analysts’ revenue expectations by 20.9% last quarter, reporting revenues of $198 million, up 12.1% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ revenue estimates and .
Is Hamilton Lane a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Hamilton Lane’s revenue to decline 10.5% year on year to $165.9 million, a reversal from the 57.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.99 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hamilton Lane has missed Wall Street’s revenue estimates twice over the last two years.
With Hamilton Lane being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for capital markets stocks. However, the segment has faced declining investor sentiment as Hamilton Lane’s peer group is down 2.8% on average over the last month. Hamilton Lane is down 8.9% during the same time and is heading into earnings with an average analyst price target of $157.17 (compared to the current share price of $113.96).
P.S. In tech investing, "Gorillas" are the rare companies that dominate their markets—like Microsoft and Apple did decades ago. Today, the next Gorilla is emerging in AI-powered enterprise software. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
