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Hamilton Lane (HLNE) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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Hamilton Lane (HLNE - Free Report) reported $125.26 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 1.4%. EPS of $0.71 for the same period compares to $0.43 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $131.01 million, representing a surprise of -4.39%. The company delivered an EPS surprise of -19.32%, with the consensus EPS estimate being $0.88.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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): $36.92 billion versus $37.23 billion estimated by three analysts on average.
Fee Earning AUM - Total: $63.10 billion compared to the $63.51 billion average estimate based on three analysts.
Fee Earning AUM - Specialized Funds (SF): $26.18 billion versus $26.28 billion estimated by three analysts on average.
Total AUM & AUA: $902.85 billion versus $869.64 billion estimated by two analysts on average.
Assets Under Management (AUM): $119.95 billion versus the two-analyst average estimate of $123.82 billion.
Assets Under Advisement (AUA): $782.89 billion compared to the $745.81 billion average estimate based on two analysts.
Revenues- Incentive fees: $11.62 million compared to the $19.50 million average estimate based on three analysts.
Revenues- Management and advisory fees- Customized separate accounts: $32.94 million versus $32.96 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +11.4% change.
Revenues- Management and advisory fees: $113.64 million versus the three-analyst average estimate of $111.53 million. The reported number represents a year-over-year change of +16.7%.
Revenues- Management and advisory fees- Specialized funds: $64.87 million versus $64.09 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +21.7% change.
Revenues- Management and advisory fees- Fund reimbursement revenue: $1.75 million versus $1.02 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +214.9% change.
Revenues- Management and advisory fees- Distribution management: $1.51 million versus the two-analyst average estimate of $1 million. The reported number represents a year-over-year change of +153.7%.
Shares of Hamilton Lane have returned +8% over the past month versus the Zacks S&P 500 composite's +5.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Hamilton Lane (HLNE) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Hamilton Lane (HLNE - Free Report) reported $125.26 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 1.4%. EPS of $0.71 for the same period compares to $0.43 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $131.01 million, representing a surprise of -4.39%. The company delivered an EPS surprise of -19.32%, with the consensus EPS estimate being $0.88.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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): $36.92 billion versus $37.23 billion estimated by three analysts on average.
- Fee Earning AUM - Total: $63.10 billion compared to the $63.51 billion average estimate based on three analysts.
- Fee Earning AUM - Specialized Funds (SF): $26.18 billion versus $26.28 billion estimated by three analysts on average.
- Total AUM & AUA: $902.85 billion versus $869.64 billion estimated by two analysts on average.
- Assets Under Management (AUM): $119.95 billion versus the two-analyst average estimate of $123.82 billion.
- Assets Under Advisement (AUA): $782.89 billion compared to the $745.81 billion average estimate based on two analysts.
- Revenues- Incentive fees: $11.62 million compared to the $19.50 million average estimate based on three analysts.
- Revenues- Management and advisory fees- Customized separate accounts: $32.94 million versus $32.96 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +11.4% change.
- Revenues- Management and advisory fees: $113.64 million versus the three-analyst average estimate of $111.53 million. The reported number represents a year-over-year change of +16.7%.
- Revenues- Management and advisory fees- Specialized funds: $64.87 million versus $64.09 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +21.7% change.
- Revenues- Management and advisory fees- Fund reimbursement revenue: $1.75 million versus $1.02 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +214.9% change.
- Revenues- Management and advisory fees- Distribution management: $1.51 million versus the two-analyst average estimate of $1 million. The reported number represents a year-over-year change of +153.7%.
View all Key Company Metrics for Hamilton Lane here>>>Shares of Hamilton Lane have returned +8% over the past month versus the Zacks S&P 500 composite's +5.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.