Hamilton Lane (HLNE) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Hamilton Lane (HLNE) reported $125.04 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 7.7%. EPS of $0.94 for the same period compares to $0.92 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $115.79 million, representing a surprise of +7.99%. The company delivered an EPS surprise of +9.30%, with the consensus EPS estimate being $0.86.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Hamilton Lane performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Fee Earning AUM - Customized Separate Accounts (CSA): $35.85 billion versus the three-analyst average estimate of $35.71 billion.
Fee Earning AUM - Total: $59.67 billion versus $59.36 billion estimated by three analysts on average.
Fee Earning AUM - Specialized Funds (SF): $23.82 billion compared to the $23.65 billion average estimate based on three analysts.
Total AUM & AUA: $817.72 billion compared to the $884.59 billion average estimate based on two analysts.
Assets Under Management (AUM): $117.06 billion compared to the $116.57 billion average estimate based on two analysts.
Assets Under Advisement (AUA): $700.65 billion versus $768.02 billion estimated by two analysts on average.
Revenues- Management and advisory fees- Specialized funds: $57.72 million versus the three-analyst average estimate of $54.23 million.
Revenues- Management and advisory fees- Customized separate accounts: $31.72 million compared to the $31.64 million average estimate based on three analysts.
Revenues- Management and advisory fees: $105.41 million versus the three-analyst average estimate of $99.62 million. The reported number represents a year-over-year change of +22.6%.
Revenues- Management and advisory fees- Fund reimbursement revenue: $2.91 million compared to the $0.93 million average estimate based on two analysts.
Revenues- Management and advisory fees- Distribution management: $1.21 million compared to the $0.66 million average estimate based on two analysts.
View all Key Company Metrics for Hamilton Lane here>>>
Shares of Hamilton Lane have returned +10.8% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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Hamilton Lane Inc. (HLNE) : Free Stock Analysis Report
