Houlihan LokeyNYSE: HLI

Houlihan Lokey's financial performance in the fourth quarter was boosted by the expanding financial restructuring sector, although increased expenses dampened some of the gains.

Houlihan Lokey (HLI) has a strong track record of surpassing earnings expectations and is well positioned to potentially exceed them again in its upcoming quarterly report.

Houlihan Lokey, Inc. (HLI) Q3 2024 Earnings Call Transcript

Houlihan Lokey's (HLI) third-quarter fiscal 2024 results are likely to suffer from a fall in the number of Fee Events and escalating costs. Nevertheless, higher interest rates are expected to act as a partial offset.

Bankruptcies have continued rising in the past few years as companies struggle in this high-interest rate environment. Data by S&P shows that there were almost 600 major bankruptcies during the year, with the most notable ones being WeWork, Lordstown Motors, Rite Aid, and Bed Bath and Beyond being the top ones.

Houlihan Lokey (HLI) expects the Triago Management acquisition to close in the first half of 2024.

Houlihan Lokey, Inc. (NYSE:HLI ) Q2 2024 Earnings Conference Call October 26, 2023 5:00 PM ET Company Participants Charles Yamarone - Chief Corporate Governance & Compliance Officer Scott Beiser - CEO Lindsey Alley - CFO Conference Call Participants Brennan Hawken - UBS James Yaro - Goldman Sachs Alex Jenkins - JMP Securities Ken Worthington - JPMorgan Ryan Kenny - Morgan Stanley Brendan O'Brien - Wolfe Research Operator Good day ladies and gentlemen. Thank you for standing by.

The company's growth has normalized after a remarkable period, but it's still fundamentally strong, with solid profitability and a dominant position in M&A, Restructuring, and Fairness Opinion services globally. The stock's valuation has risen considerably over the past year, reflecting a broader trend in the Investment Banking and Brokerage industry. Despite this, it may still offer value in the long term. HLI remains ahead of its peers, with a lower correlation to the market and better returns, making it an attractive diversification option for portfolios.

Houlihan Lokey, Inc. (NYSE:HLI ) Q1 2024 Earnings Conference Call July 27, 2023 5:00 PM ET Company Participants Christopher Crain - General Counsel Scott Beiser - CEO Lindsey Alley - CFO Conference Call Participants Ben Rubin - UBS James Yaro - Goldman Sachs Ken Worthington - JPMorgan Michael Falco - JMP Securities Brendan O'Brien - Wolfe Research Ryan Kenny - Morgan Stanley Operator Good day, ladies and gentlemen. Thank you for standing by.