Houlihan Lokey

Q1 FY2027 EarningsFY27 Q1 missed consensus across all key financial metrics. Revenue of $511M fell short of the $599.3M estimate, while Adjusted EPS of $1.35 significantly lagged the $1.64 consensus. Performance was hampered by a 24% YoY decline in Corporate Finance and an 8% dip in Financial Restructuring, partially offset by 13% growth in Financial and Valuation Advisory. Management cited temporary headwinds in software-sector M&A and geopolitical instability but maintained a constructive outlook for the remainder of the fiscal year.