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Heritage Global Inc (HGBL)
NASDAQ:HGBL
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.05Last Year’s EPS
0.05Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: 6.22%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects mixed results for Heritage Global Inc., with some positive developments such as strong cash flow and financial positioning, but also notable challenges including decreased operating income and a net loss in Q4 2024. The company's proactive measures and market opportunities suggest potential for future growth, yet financial setbacks and non-performing loans remain areas of concern.Company Guidance
During the Heritage Global Inc. Fourth Quarter and Full Year 2024 Earnings Call, several key metrics and projections were discussed. The company reported $9 million in cash flow for the year and $2 million in EBITDA for Q4, maintaining profitability across all business units. The industrial assets division generated $800,000 in operating income in Q4, compared to $1.6 million the previous year, while the financial assets division reported $1.9 million in operating income. The company's consolidated operating income was $1.5 million for Q4, down from $4.6 million in 2023, and adjusted EBITDA was $2.1 million, a decrease from $4.9 million in the prior year. The company recorded a net loss of $200,000, or one cent per diluted share, compared to a net income of $4.9 million, or thirteen cents per diluted share, in the same quarter of 2023. The balance sheet showed stockholders' equity of $65.2 million as of December 31, 2024, up from $61.1 million at the end of 2023, with a net working capital of $18.5 million. The company ended the year with no long-term debt and repurchased approximately 1.3 million shares in the open market during fiscal 2024. Looking forward, the company anticipates increased economic pressures in 2025, which could drive demand for auctions, particularly in light of rising defaults and delinquencies in consumer credit markets.Strong Cash Flow and EBITDA
Heritage Global Inc. reported $9 million in cash flow for the year and $2 million in EBITDA through Q4, highlighting ongoing profitability despite challenges.
Expanded Capacity and Market Opportunities
The company has expanded its warehouse size and staffing in anticipation of increased asset flow, indicating proactive measures to capture future opportunities in the auction market.
Strong Financial Position
The company ended the year with no long-term debt and increased stockholders' equity to $65.2 million, highlighting a solid financial position to support future growth.
M&A Prospects and Market Growth
Heritage Global's M&A efforts have produced multiple prospects, and the company is actively engaged, indicating potential for expansion and growth in the coming year.
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HGBL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HGBL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 13, 2025 | $2.09 | $2.36 | +12.92% |
| Nov 07, 2024 | $1.70 | $1.63 | -4.12% |
| Aug 08, 2024 | $2.31 | $1.92 | -16.88% |
| May 09, 2024 | $2.48 | $2.29 | -7.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Heritage Global Inc (HGBL) report earnings?
Heritage Global Inc (HGBL) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Heritage Global Inc (HGBL) earnings time?
Heritage Global Inc (HGBL) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HGBL EPS forecast?
HGBL EPS forecast for the fiscal quarter 2025 (Q1) is 0.05.
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