Auction ActivityManagement missed expectations for a pickup in Q4, as some large high-profile auctions failed to launch.
Earnings PerformanceHGBL missed consensus on revenue, adjusted EBITDA, and EPS due to an unusually weak quarter in auctioning industrial assets.
Gross Profit MarginEarnings misses resulted from a weak quarter in brokering charged-off loans, leading to a drop in gross profit margin.