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

Heritage Global

11/05/2023 23:49

* Heritage Global Inc  HGBL.OQ  reported quarterly adjusted
earnings of 8 cents​​ per share for the quarter ended in March.
The mean expectation of two analysts for the quarter was
for earnings of 5 cents per share.
    * Revenue rose 77.5% to $16.61 million from a year ago;
analysts
expected $12.72 million. 
    * Heritage Global Inc's reported EPS for the quarter was 8
cents​.
    * The mean earnings estimate of analysts had fallen by
about 16.7%
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 1.7% this
quarter and
gained 24.3% so far this year.
    * The company reported quarterly net income of $2.83
million.
    * Wall Street's median 12-month price target for Heritage
Global
Inc is $4.50 
    * 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 May
11 at 10:49 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.05           0.08           Beat
 Dec. 31 2022      0.04           0.08           Beat
 Sep. 30 2022      0.04           0.06           Beat
 Jun. 30 2022      0.05           0.07           Beat