Houlihan Lokey, Inc. · HLI · Next earnings

Houlihan Lokey, Inc. reports Wednesday, Jan 27, 2027

HLI reports after market close with consensus EPS at $1.99 and revenue at $752.6M. Last quarter: Houlihan Lokey Q2 FY2027: Fees Lift Corporate Finance; Backlog Supports Outlook

Reports After market close85 days awayDate estimated Financial Services

What the street expects

Consensus for the coming report
Consensus EPS $1.99 Calendar consensus
Consensus revenue $752.6M Calendar consensus
Report date Jan 27, 2027 Wednesday, date estimated
Session After market close 85 days away

Where HLI left off: FY2027 Q2

Full report

Houlihan Lokey Q2 FY2027: Fees Lift Corporate Finance; Backlog Supports Outlook

EPS surprise +13.5% Reported $1.85 vs $1.63
Revenue surprise +10.6% Reported $692.0M vs $625.9M
Stock move +1.4% Event window
Subsequent drift +5.1% Up to 20 sessions

Guidance sentiment was characterized as maintained. Management remained cautious on macro volatility but described a strong pipeline and record backlog, with above-normal second-half seasonality expected.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Higher interest rates and macroeconomic volatility could weigh on deal flow and transaction timing.
  • A lower number of transactions may pressure revenue even when average fees rise.
  • Software and healthcare sector mix may affect results.
  • Financial Restructuring revenue declined in Q2 despite a strong pipeline.
  • Geopolitical instability and uncertainty around deal closures remain risks.

Questions analysts left open

  • How higher rates may affect deal flow.
  • Why transaction counts declined while Corporate Finance revenue rose.
  • Sector mix, especially software and healthcare performance.
  • Whether activity is shifting toward larger mid-market deals.
  • How non-M&A advisory businesses are performing.

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Recent HLI quarters

All HLI earnings
+1.4%FY2027 Q2-7.7%FY2027 Q1+4.3%FY2026 Q4-6.5%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2027 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.