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

Heritage Global

07/08/2024 03:03

* Heritage Global Inc  HGBL.OQ   HGBL.O  is expected to show
a
rise in quarterly revenue when it reports  results on August 8
for the period ending January 1 0001
    * The San Diego California-based  company is expected to
report a
8.0% increase in revenue to $14.15 million from $13.1 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 $5.00​, above​ its last closing price of $2.41. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.05        0.06       0.05      Missed  -21
 Dec. 31 2024              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.        0.05        0.05       0.08      Beat    60
 31 2023                                                
 Dec. 31 2022  0.04                   0.08              100​
 Sep. 30 2022  0.03        0.04       0.06      Beat    71.4
 Jun. 30 2022  0.06        0.05       0.07      Beat    40
 This summary was machine generated August 7 at 02:03 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)