Houlihan Lokey is expected to report consensus revenue of $614.11 million and EPS of $1.64, with its stock currently trading near $143.10 compared to an average analyst price target of $169.75.

Investors are primarily focused on the performance of the firm’s Corporate Finance segment and the strategic integration of the recently announced acquisition of energy-advisory firm Intrepid Financial Partners.

While the firm remains a leader in global M&A transaction counts, macroeconomic headwinds and higher interest rates have led to extended deal timelines and fee pressure across the advisory space. Analysts are looking for evidence that Houlihan Lokey’s robust restructuring backlog can provide a sufficient countercyclical hedge against volatility in traditional middle-market dealmaking.