Hamilton Lane (HLNE) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Financial Performance - Hamilton Lane reported revenue of $168.26 million for the quarter ended December 2024, marking a year-over-year increase of 34.3% [1] - The EPS for the same period was $1.25, compared to $0.71 a year ago, representing a significant increase [1] - The reported revenue exceeded the Zacks Consensus Estimate of $156.95 million by 7.21% [1] - The EPS surprise was +11.61% against the consensus estimate of $1.12 [1] Key Metrics - Fee Earning AUM - Customized Separate Accounts (CSA) was $39.78 billion, slightly below the estimated $40.20 billion [4] - Total Fee Earning AUM reached $70.99 billion, compared to the average estimate of $71.86 billion [4] - Total AUM & AUA was reported at $955.98 billion, lower than the estimated $975.33 billion [4] - Assets Under Management (AUM) stood at $134.74 billion, compared to the average estimate of $137 billion [4] - Assets Under Advisement (AUA) was $821.24 billion, below the estimated $838.33 billion [4] Revenue Breakdown - Incentive fees revenue was $41.18 million, significantly exceeding the average estimate of $31.14 million, with a year-over-year change of +254.3% [4] - Management and advisory fees for Customized Separate Accounts were $33.93 million, slightly below the estimate of $35.71 million, with a year-over-year change of +3% [4] - Management and advisory fees totaled $126.28 million, slightly above the estimate of $125.82 million, reflecting an 11.1% year-over-year increase [4] - Specialized funds management and advisory fees were $75.76 million, exceeding the estimate of $73.75 million, with a year-over-year change of +16.8% [4] - Fund reimbursement revenue was $2.81 million, surpassing the estimate of $1.75 million, representing a +60.3% change year-over-year [4] - Distribution management revenue was $1 million, slightly above the estimate of $0.90 million, but showed a year-over-year decrease of -33.7% [4] Stock Performance - Hamilton Lane shares returned +7.7% over the past month, outperforming the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]