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

Heritage Global

13/05/2022 21:14

* Heritage Global Inc  HGBL.OQ  reported quarterly adjusted
earnings of 2 cents​​ per share for the quarter ended in March.
The mean expectation of two analysts for the quarter was
for earnings of 3 cents per share.
    * Revenue rose 31.8% to $9.36 million from a year ago; 
analysts
expected $8.16 million. 
    * Heritage Global Inc's reported EPS for the quarter was 2
cents​.
    * The mean earnings estimate of analysts had fallen by
about 40%
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 23.7% this
quarter and
lost 44.9% so far this year.
    * The company reported quarterly net income of $645
thousand.
    * 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 May 13 at 08:14 p.m.  ​All
figures in US dollars unless otherwise stated