Hamilton Lane Q3 Adj $0.71 Misses $0.92 Estimate, Sales $125.26M Miss $130.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hamilton Lane (NASDAQ:HLNE) reported Q3 adjusted earnings of $0.71 per share, missing the consensus estimate of $0.92 by 22.83%. Year-over-year, earnings increased by 65.12% from $0.43 per share. Quarterly sales were $125.26M, missing the consensus estimate of $130.47M by 3.99%, and representing a 1.42% decrease from the previous year.
February 06, 2024 | 12:05 pm
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Hamilton Lane reported lower than expected Q3 earnings and sales, missing consensus estimates.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The significant miss in earnings per share (22.83%) and the slight miss in sales (3.99%) are critical factors that could lead to a decrease in stock price as they reflect underperformance compared to market expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100