NYSE$HLI
Houlihan Lokey Inc. · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Houlihan Lokey's financial performance significantly improved in Q3 2021, marked by record revenues and earnings across all business segments.
Houlihan Lokey reported record financial results for the third quarter of fiscal year 2021, with revenues reaching $538 million and diluted EPS of $1.71. The company saw significant growth in all three business segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory. The Board of Directors also announced a dividend of $0.33 per share and an increase in the share repurchase program to $200 million.
- Houlihan Lokey's Q3 2021 revenues reached $538 million, a significant increase from $334 million in Q3 2020.
- Diluted EPS for Q3 2021 was $1.71, compared to $0.75 in Q3 2020.
- The company's Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory segments all experienced substantial revenue growth.
- Houlihan Lokey increased its share repurchase program to $200 million and declared a dividend of $0.33 per share.
Headline financials
Revenue & EPS history
Houlihan Lokey · Revenue · Quarterly
$538M
Revenue by segment
Houlihan Lokey · $538M total across 3 segments · Q3 2021
- Corporate Finance$306M—56.9%
- Financial Restructuring$178M—33.1%
- Financial & Valuation Advisory$53.7M—10.0%
Forward guidance
The company expects the COVID-19 pandemic to continue to have an effect on our business, revenues, and operating results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
+1.2%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+1.5%
Avg return
30 days after
63%
30 / 48 earnings
Positive
+12.2%
Q2 2022
Best reaction
-10.7%
Q2 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +4.3% | +1.5% | -5.6% | |
| Q3 2026 | -6.6% | -0.7% | -3.0% | |
| Q2 2026 | -10.7% | -10.0% | -12.0% | |
| Q4 2025 | +6.8% | +8.7% | +7.9% | |
| Q3 2025 | -2.3% | -1.9% | -5.8% | |
| Q2 2025 | +3.6% | +2.2% | +13.4% | |
| Q1 2025 | +1.7% | -1.5% | +4.5% | |
| Q4 2024 | +0.3% | +1.3% | -2.7% | |
| Q3 2024 | +5.9% | +3.7% | +6.2% | |
| Q2 2024 | +1.5% | +3.7% | +9.4% | |
| Q1 2024 | -8.3% | -7.2% | -5.5% | |
| Q4 2023 | +6.1% | +1.6% | +7.1% | |
| Q3 2023 | -0.2% | +3.2% | -2.9% | |
| Q2 2023 | +9.3% | +10.8% | +21.5% | |
| Q1 2023 | +2.5% | +1.7% | -3.0% | |
| Q4 2022 | +2.9% | +6.3% | -2.5% | |
| Q3 2022 | +7.4% | +3.2% | -7.8% | |
| Q2 2022 | +12.2% | +17.8% | +11.9% | |
| Q1 2022 | -5.1% | -3.5% | +1.0% | |
| Q4 2021 | +5.3% | +10.7% | +18.1% | |
| Q3 2021 | -3.7% | -1.2% | -5.6% | |
| Q2 2021 | -0.4% | -1.6% | +3.3% | |
| Q1 2021 | -1.6% | -2.2% | +6.1% | |
| Q4 2020 | -2.1% | -0.4% | -8.4% | |
| Q3 2020 | +7.4% | +8.6% | +2.0% | |
| Q2 2020 | -0.4% | +1.0% | +2.0% | |
| Q1 2020 | +6.2% | +4.1% | -3.4% | |
| Q4 2019 | +1.9% | -1.9% | -4.2% | |
| Q3 2019 | +1.9% | +1.0% | +5.0% | |
| Q2 2019 | +0.5% | +5.4% | +4.6% | |
| Q1 2019 | -6.6% | -6.5% | -10.0% | |
| Q4 2018 | +5.3% | +4.1% | +7.6% | |
| Q3 2018 | -2.8% | -7.8% | -9.5% | |
| Q2 2018 | +4.5% | +0.5% | +6.0% | |
| Q1 2018 | +5.1% | +1.1% | -2.0% | |
| Q4 2017 | +6.3% | +1.9% | -1.0% | |
| Q3 2017 | +5.1% | +4.7% | +3.5% | |
| Q2 2017 | -2.8% | -3.7% | +19.5% | |
| Q1 2016 | -0.5% | +0.7% | -4.4% | |
| Q1 2017 | +2.3% | +7.9% | +4.9% | |
| Q4 2014 | -2.4% | -5.9% | -2.3% | |
| Q4 2016 | +0.1% | — | — | |
| Q3 2015 | -1.1% | — | — | |
| Q3 2016 | +0.4% | — | — | |
| Q1 2015 | +0.5% | — | — | |
| Q2 2015 | +0.5% | — | — | |
| Q4 2015 | +0.5% | — | — | |
| Q2 2016 | -0.8% | — | — |
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