Heritage Global Inc expected to post earnings of 6 cents a share - Earnings Preview

Heritage Global

08/05/2024 01:38

* Heritage Global Inc  HGBL.OQ   HGBL.O  is expected to show
a
fall in quarterly revenue when it reports  results on May 9 for
the period ending March 31 2024
    * The San Diego California-based  company is expected to
report a
14.5% decrease in revenue to $14.202 million from $16.61 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Heritage Global Inc is
for
earnings of 6 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Heritage
Global
Inc is $5.00​, above​ its last closing price of $2.43. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023              0.07       0.13      Beat    95
 Sep. 30 2023  0.07        0.07       0.05      Missed  -28.6
 Jun. 30 2023  0.08        0.07       0.07      Met     5​
 Mar. 31 2023  0.05        0.05       0.08      Beat    60
 ​​Dec.        0.04        0.04       0.08      Beat    100
 31 2022                                                
 Sep. 30 2022  0.03        0.04       0.06      Beat    71.4​
 Jun. 30 2022  0.06        0.05       0.07      Beat    40
 Jan. 1 0001   0.03        0.03       0.02      Missed  -33.3
 This summary was machine generated May 8 at 00:38 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)