Brief: Heritage Global Q2 EPS USD 0.05

Heritage Global

07/08/2025 21:22

Overview

Heritage Global Q2 operating income drops to $2.2 mln from $3.5 mln

Net income for Q2 declines to $1.6 mln from $2.5 mln

Adjusted EBITDA beats estimates at $2.6 mln, per LSEG data

Outlook

Company to continue strategic M&A evaluations in 2025

Result Drivers

AUCTION ACTIVITY - Healthy volume of auction activity and robust asset pricing levels supported results, per CEO Ross Dove

FINANCIAL SEGMENT - Operating income in the financial segment increased sequentially, driven by quality portfolio additions in the brokerage business

SHARE REPURCHASES - Strong cash position enabled repurchase of 744,424 shares, supporting share buyback program

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.05
Q2 Net Income
$1.64 mln
Q2 Adjusted EBITDA
Beat
$2.58 mln
$2.42 mln (4 Analysts)
Q2 Basic EPS
$0.05
Q2 Operating Income
$2.23 mln
Q2 Pretax Profit
$2.25 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 $3.60, about 39.4% above its August 6 closing price of $2.18

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw7n93pqa

(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.)