Heritage Glb Q1 2024 GAAP EPS $0.05 Misses $0.06 Estimate, Sales $12.161M Miss $14.201M Estimate
Portfolio Pulse from Benzinga Newsdesk
Heritage Glb (NASDAQ:HGBL) reported Q1 2024 earnings of $0.05 per share, missing the $0.06 estimate, and sales of $12.161M, below the $14.201M estimate. This represents a decrease from the previous year's earnings of $0.08 per share and sales of $16.612M.
May 09, 2024 | 10:34 pm
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NEGATIVE IMPACT
Heritage Glb reported lower than expected Q1 2024 earnings and sales, missing analyst estimates and showing a year-over-year decline.
Missing both earnings and sales estimates significantly, especially with a notable year-over-year decline, typically leads to negative investor sentiment and could result in a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100