Asset services firm Heritage Global Q3 adjusted EBITDA misses estimates

Heritage Global

06/11/2025 21:50

Overview

Heritage Global Q3 net income falls to $0.6 mln from $1.1 mln yr/yr

Adjusted EBITDA for Q3 misses analyst expectations

Company's auction sizes smaller due to economic uncertainty

Outlook

Company is preparing for M&A as a key growth component

Result Drivers

SMALLER AUCTIONS - Co conducted smaller auctions as clients adopted a 'wait and see' approach due to economic uncertainty

SEGMENT PROFITABILITY - Co maintained strong profitability in industrial and financial asset segments, per CEO Ross Dove

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.02
Q3 Net Income
$585,000
Q3 Adjusted EBITDA
Miss
$1.63 mln
$2.48 mln (4 Analysts)
Q3 Basic EPS
$0.02
Q3 Operating Income
$1.30 mln
Q3 Pretax Profit
$1.34 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy"

Wall Street's median 12-month price target for Heritage Global Inc is $3.20, about 54.4% above its November 5 closing price of $1.46

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBw1091L0a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)