Houlihan Lokey Down 21% YTD: Buy the Dip or Stay Cautious?
Houlihan Lokey (HLI) shares have declined 21.3% year-to-date due to two disappointing quarters, a 24% revenue drop in Corporate Finance, and a 54% decline in technology-related revenues. While the company maintains record backlog and a diversified business model, earnings estimates remain under pressure with a consensus decline of 8.3% expected. Analysts recommend avoiding the stock until operating trends stabilize.