Here's What Key Metrics Tell Us About Hamilton Lane (HLNE) Q2 Earnings

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Hamilton Lane (HLNE) reported $150 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 18.2%. EPS of $1.07 for the same period compares to $0.89 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $153.92 million, representing a surprise of -2.55%. The company delivered an EPS surprise of +0.94%, with the consensus EPS estimate being $1.06.

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.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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): $39.38 billion compared to the $39.09 billion average estimate based on three analysts.

  • Fee Earning AUM - Total: $69.74 billion compared to the $69.68 billion average estimate based on three analysts.

  • Fee Earning AUM - Specialized Funds (SF): $30.36 billion versus the three-analyst average estimate of $30.59 billion.

  • Total AUM & AUA: $947.43 billion compared to the $967.26 billion average estimate based on two analysts.

  • Assets Under Management (AUM): $131.37 billion versus $134.73 billion estimated by two analysts on average.

  • Assets Under Advisement (AUA): $816.06 billion versus the two-analyst average estimate of $832.53 billion.

  • Revenues- Incentive fees: $30.22 million versus $31.69 million estimated by three analysts on average.

  • Revenues- Management and advisory fees- Customized separate accounts: $34.76 million compared to the $34.03 million average estimate based on three analysts. The reported number represents a change of +8.5% year over year.

  • Revenues- Management and advisory fees: $119.78 million versus $122.22 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +9.7% change.

  • Revenues- Management and advisory fees- Specialized funds: $70.31 million versus $71.86 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +12.7% change.

  • Revenues- Management and advisory fees- Fund reimbursement revenue: $1.44 million versus $2.41 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +17.3% change.

  • Revenues- Management and advisory fees- Distribution management: $0.42 million compared to the $0.65 million average estimate based on two analysts. The reported number represents a change of -66.8% year over year.