Heritage Global Inc reports results for the quarter ended in December - Earnings Summary

Heritage Global

09/03/2023 22:47

* Heritage Global Inc  HGBL.OQ  reported quarterly adjusted
earnings of 8 cents​​ per share for the quarter ended in
December. The mean expectation of two analysts for the quarter
was for earnings of 4 cents per share.
    * Revenue rose 83.8% to $13.83 million from a year ago;
analysts
expected $10.95 million. 
    * Heritage Global Inc's reported EPS for the quarter was 27
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Heritage Global Inc shares had risen by 6.8% this quarter.
    * The company reported quarterly net income of $9.97
million.
    * Wall Street's median 12-month price target for Heritage
Global
Inc is $4.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 9 at 10:47 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.04           0.08           Beat
 Sep. 30 2022      0.04           0.06           Beat
 Jun. 30 2022      0.05           0.07           Beat
 Mar. 31 2022      0.03           0.02           Missed