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

Heritage Global

11/11/2022 24:51

* Heritage Global Inc  HGBL.OQ  reported quarterly adjusted
earnings of 6 cents​​ per share for the quarter ended in
September. The mean expectation of two analysts for the quarter
was for earnings of 4 cents per share.
    * Revenue rose 111.3% to $12.66 million from a year ago;
analysts
expected $9.23 million. 
    * Heritage Global Inc's reported EPS for the quarter was 6
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 24.2% this
quarter and
gained 7.0% so far this year.
    * The company reported quarterly net income of $2.3 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 November
11 at 12:51 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.04           0.06           Beat
 Jun. 30 2022      0.05           0.07           Beat
 Mar. 31 2022      0.03           0.02           Missed
 Dec. 31 2021      0.05           0.03           Missed