We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's What Key Metrics Tell Us About Hamilton Lane (HLNE) Q4 Earnings
Read MoreHide Full Article
Hamilton Lane (HLNE - Free Report) reported $176.67 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 56.6%. EPS of $1.38 for the same period compares to $0.96 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $134.72 million, representing a surprise of +31.13%. The company delivered an EPS surprise of +38.00%, with the consensus EPS estimate being $1.00.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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): $37.57 billion versus the three-analyst average estimate of $38.27 billion.
Fee Earning AUM - Total: $65.75 billion versus the three-analyst average estimate of $65.69 billion.
Fee Earning AUM - Specialized Funds (SF): $28.18 billion versus the three-analyst average estimate of $27.41 billion.
Total AUM & AUA: $920.58 billion versus $929.58 billion estimated by two analysts on average.
Assets Under Management (AUM): $124.41 billion compared to the $125.42 billion average estimate based on two analysts.
Assets Under Advisement (AUA): $796.17 billion compared to the $804.16 billion average estimate based on two analysts.
Revenues- Incentive fees: $52.96 million versus $16.89 million estimated by three analysts on average.
Revenues- Management and advisory fees- Customized separate accounts: $32.12 million versus the three-analyst average estimate of $33.78 million. The reported number represents a year-over-year change of +5.6%.
Revenues- Management and advisory fees: $123.70 million versus $117.84 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +29.3% change.
Revenues- Management and advisory fees- Specialized funds: $76.04 million versus the three-analyst average estimate of $69.65 million. The reported number represents a year-over-year change of +45.8%.
Revenues- Management and advisory fees- Fund reimbursement revenue: $2.22 million versus $1.40 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +109.4% change.
Revenues- Management and advisory fees- Distribution management: $1.08 million compared to the $1.03 million average estimate based on two analysts. The reported number represents a change of +54.2% year over year.
Shares of Hamilton Lane have returned +5.2% over the past month versus the Zacks S&P 500 composite's +6.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's What Key Metrics Tell Us About Hamilton Lane (HLNE) Q4 Earnings
Hamilton Lane (HLNE - Free Report) reported $176.67 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 56.6%. EPS of $1.38 for the same period compares to $0.96 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $134.72 million, representing a surprise of +31.13%. The company delivered an EPS surprise of +38.00%, with the consensus EPS estimate being $1.00.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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): $37.57 billion versus the three-analyst average estimate of $38.27 billion.
- Fee Earning AUM - Total: $65.75 billion versus the three-analyst average estimate of $65.69 billion.
- Fee Earning AUM - Specialized Funds (SF): $28.18 billion versus the three-analyst average estimate of $27.41 billion.
- Total AUM & AUA: $920.58 billion versus $929.58 billion estimated by two analysts on average.
- Assets Under Management (AUM): $124.41 billion compared to the $125.42 billion average estimate based on two analysts.
- Assets Under Advisement (AUA): $796.17 billion compared to the $804.16 billion average estimate based on two analysts.
- Revenues- Incentive fees: $52.96 million versus $16.89 million estimated by three analysts on average.
- Revenues- Management and advisory fees- Customized separate accounts: $32.12 million versus the three-analyst average estimate of $33.78 million. The reported number represents a year-over-year change of +5.6%.
- Revenues- Management and advisory fees: $123.70 million versus $117.84 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +29.3% change.
- Revenues- Management and advisory fees- Specialized funds: $76.04 million versus the three-analyst average estimate of $69.65 million. The reported number represents a year-over-year change of +45.8%.
- Revenues- Management and advisory fees- Fund reimbursement revenue: $2.22 million versus $1.40 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +109.4% change.
- Revenues- Management and advisory fees- Distribution management: $1.08 million compared to the $1.03 million average estimate based on two analysts. The reported number represents a change of +54.2% year over year.
View all Key Company Metrics for Hamilton Lane here>>>Shares of Hamilton Lane have returned +5.2% over the past month versus the Zacks S&P 500 composite's +6.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.