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

Heritage Global

13/08/2021 09:02

* Heritage Global Inc  HGBL.OQ  reported quarterly adjusted
earnings of 2 cents​​ per share for the quarter ended in June.
The mean expectation of three analysts for the quarter was
for earnings of 4 cents per share.
* Revenue fell 15.4% to $5.18 million from a year ago;  analysts
expected $6.87 million. 
* Heritage Global Inc's reported EPS for the quarter was 2
cents​.
* The mean earnings estimate of analysts had fallen by
about 7.2% 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 fallen by 19.0% this
quarter and lost 22.9% so far this year.
* The company reported quarterly net income of $587 thousand.
* Wall Street's median 12-month price target for Heritage Global
Inc is $5.00 
* 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." 
This summary was machine generated August 13 at 08:02 a.m.  ​All
figures in US dollars unless otherwise stated