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

Heritage Global

10/08/2022 22:55

* Heritage Global Inc  HGBL.OQ  reported quarterly adjusted
earnings of 7 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of 5 cents per share.
    * Revenue rose 113.8% to $11.07 million from a year ago;
analysts
expected $8.87 million. 
    * Heritage Global Inc's reported EPS for the quarter was 7
cents​.
    * The mean earnings estimate of analysts had risen by
about 25% 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 24.7% this
quarter and
held steady so far this year.
    * The company reported quarterly net income of $2.58
million.
    * Wall Street's median 12-month price target for Heritage
Global
Inc is $3.75 
    * 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 Refinitiv data August 10
at 09:55 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.05           0.07           Beat
 Mar. 31 2022      0.03           0.02           Missed
 Dec. 31 2021      0.05           0.03           Missed
 Sep. 30 2021      0.06           0.01           Missed