Heritage Global Inc expected to post earnings of 7 cents a share - Earnings Preview

Heritage Global

12/03/2024 20:38

* Heritage Global Inc  HGBL.OQ   HGBL.O  is expected to show
a
rise in quarterly revenue when it reports  results on March 14
for the period ending December 31 2023
    * The San Diego California-based  company is expected to
report a
11.0% increase in revenue to $15.348 million from $13.83 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 7 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 $6.00​, above​ its last closing price of $2.87. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  0.04        0.04       0.08      Beat    100
 ​​Sep.        0.03        0.04       0.06      Beat    71.4
 30 2022                                                
 Jun. 30 2022  0.06        0.05       0.07      Beat    40​
 Mar. 31 2022  0.03        0.03       0.02      Missed  -33.3
 Dec. 31 2021              0.05       0.03      Missed  -40
 This summary was machine generated March 12 at 20:38 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)