Hamilton Lane Third Quarter 2024 Earnings: Misses Expectations
Hamilton Lane (NASDAQ:HLNE) Third Quarter 2024 Results
Key Financial Results
Revenue: US$125.3m (down 1.4% from 3Q 2023).
Net income: US$19.5m (up 66% from 3Q 2023).
Profit margin: 16% (up from 9.3% in 3Q 2023). The increase in margin was driven by lower expenses.
EPS: US$0.52 (up from US$0.32 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hamilton Lane Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 46%.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's shares are down 1.6% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Hamilton Lane's balance sheet.
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