Heritage Global Inc reports results for the quarter ended September 30 - Earnings Summary

Heritage Global

08/11/2024 21:05

* Heritage Global Inc  HGBL.OQ  reported quarterly adjusted
earnings of 3 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 5 cents.  The mean expectation of three analysts
for the quarter was for earnings of 6 cents per share. Wall
Street expected results to range from 5 cents to 7 cents per
share.
    * Revenue fell 33.1% to $10.41 million from a year ago;
analysts
expected $13.37 million. 
    * Heritage Global Inc's reported EPS for the quarter was 3
cents​.
    * The company reported quarterly net income of $1.09
million.
    * Heritage Global Inc shares had held steady so far this
quarter and lost 38.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the investment
management & fund operators peer group is also "buy"

Wall Street's median 12-month price target for Heritage Global
Inc is 5.00 
This summary was machine generated from LSEG data November 8 at
09:05 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.06           0.03           Missed
 Jun. 30 2024      0.07           0.07           Met
 Mar. 31 2024      0.06           0.05           Missed
 Dec. 31 2023      0.07           0.13           Beat