Heritage Glb: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Heritage Glb (NASDAQ:HGBL) reported its Q3 earnings, missing estimated earnings by 28.57% with an EPS of $0.05 versus an estimate of $0.07. However, revenue was up $2.89 million from the same period last year. Last quarter, the company also missed on EPS which was followed by a 10.14% drop in the share price the next day.
November 09, 2023 | 9:40 pm
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NEGATIVE IMPACT
Heritage Glb's Q3 earnings missed estimates, which could potentially lead to a drop in share price, similar to the previous quarter.
Heritage Glb's Q3 earnings missed estimates by a significant margin. This is the second consecutive quarter where the company has missed its EPS estimates. Historically, such misses have led to a drop in the company's share price, as seen in the previous quarter when the share price dropped by 10.14% the day after the earnings announcement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100