Heritage Glb Q3 EPS $0.05 Misses $0.07 Estimate, Sales $15.55M Beat $13.38M Estimate
Portfolio Pulse from bharat@benzinga.com
Heritage Glb (NASDAQ:HGBL) reported Q3 earnings of $0.05 per share, missing the analyst consensus estimate of $0.07 by 28.57%. This is a 16.67% decrease from the same period last year. However, the company reported quarterly sales of $15.55 million, beating the analyst consensus estimate of $13.38 million by 16.23%, a 22.83% increase from last year.
November 09, 2023 | 9:36 pm
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NEGATIVE IMPACT
Heritage Glb's Q3 earnings missed estimates but sales exceeded expectations. Earnings per share decreased by 16.67% YoY, while sales increased by 22.83% YoY.
Heritage Glb's earnings per share missed the analyst consensus estimate, which could negatively impact the stock price. However, the company's sales beat the estimate, which could offset some of the negative impact. The overall impact is likely to be negative due to the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100