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Hamilton Lane (HLNE) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
HLNEHamilton Lane(HLNE) ZACKS·2025-02-04 15:36

Financial Performance - Hamilton Lane reported revenue of 168.26millionforthequarterendedDecember2024,markingayear−over−yearincreaseof34.3168.26 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 0.71ayearago,representingasignificantincrease[1]−ThereportedrevenueexceededtheZacksConsensusEstimateof0.71 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]KeyMetrics−FeeEarningAUM−CustomizedSeparateAccounts(CSA)was1.12 [1] Key Metrics - Fee Earning AUM - Customized Separate Accounts (CSA) was 39.78 billion, slightly below the estimated 40.20billion[4]−TotalFeeEarningAUMreached40.20 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 975.33billion[4]−AssetsUnderManagement(AUM)stoodat975.33 billion [4] - Assets Under Management (AUM) stood at 134.74 billion, compared to the average estimate of 137billion[4]−AssetsUnderAdvisement(AUA)was137 billion [4] - Assets Under Advisement (AUA) was 821.24 billion, below the estimated 838.33billion[4]RevenueBreakdown−Incentivefeesrevenuewas838.33 billion [4] Revenue Breakdown - Incentive fees revenue was 41.18 million, significantly exceeding the average estimate of 31.14million,withayear−over−yearchangeof+254.331.14 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 35.71million,withayear−over−yearchangeof+335.71 million, with a year-over-year change of +3% [4] - Management and advisory fees totaled 126.28 million, slightly above the estimate of 125.82million,reflectingan11.1125.82 million, reflecting an 11.1% year-over-year increase [4] - Specialized funds management and advisory fees were 75.76 million, exceeding the estimate of 73.75million,withayear−over−yearchangeof+16.873.75 million, with a year-over-year change of +16.8% [4] - Fund reimbursement revenue was 2.81 million, surpassing the estimate of 1.75million,representinga+60.31.75 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]