Heritage Global Inc (HGBL)
NASDAQ:HGBL
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.04Last Year’s EPS
0.05Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced clear operational positives — profitable quarter, Industrial Assets growth (+20%), a strong NLEX/subprime auto pipeline, investments in people/technology, and a strengthened strategic position through the DebtX acquisition — against notable near-term financial pressures: declines in consolidated operating income (~-28.6%), Financial Assets operating income (~-41.2%), lower revenue (~-5.9%), reduced Adjusted EBITDA (~-22.2%) and a DebtX operating loss (~$600K) tied to seasonality and integration. Management emphasized confidence in execution, hiring, and integration efforts to drive improvement over the rest of the year, making the tone cautiously optimistic but reflecting a balanced mix of achievements and challenges.Company Guidance
Profitable Quarter Despite Headwinds
Consolidated operating income of approximately $1.0M and net income of ~$700K (EPS $0.02) in Q1 2026, demonstrating the company remained profitable despite lower-than-goal results.
Industrial Assets Division Growth
Industrial Assets operating income rose to ~$1.2M from $1.0M year-over-year (≈+20%), with sequential growth in Auction & Liquidation and a ~$400K positive impact from the seller/tenant repurchase of Huntsville real estate.
Strong NLEX Performance and Subprime Auto Momentum
NLEX recorded a record quarter in the subprime auto sector with strong pipeline; elevated delinquencies/charge-offs are increasing asset supply and positioning subprime auto as a potential needle mover for the year.
Strategic Investments, Hiring and Buyback Activity
Company is investing in technology and sales/headcount (e.g., HGP added four BD hires, valuation team expansion). Repurchased ~107,000 shares at an average $1.32 in Q1 and has ~$7.4M remaining under the 2025 repurchase program.
Balance Sheet and Liquidity Position
Stockholders' equity increased to $67.8M from $67.0M at year-end (≈+1.2%); total cash of $11.6M and net available cash of $6.2M with net working capital of $11.6M, supporting ongoing investments and buybacks.
DebtX Acquisition Expands Capabilities
Acquired substantially all assets of DebtX to expand loan sale advisory capabilities in the secondary loan market; management expects integration to drive incremental opportunities and improve financial-asset margins toward historical targets (up to ~70% gross margin potential).
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
HGBL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $1.33 | $1.29 | -3.01% |
Mar 12, 2026 | $1.23 | $1.17 | -4.88% |
Nov 06, 2025 | $1.43 | $1.30 | -9.09% |
Aug 07, 2025 | $2.08 | $2.00 | -3.85% |
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.
FAQ
When does Heritage Global Inc (HGBL) report earnings?
Heritage Global Inc (HGBL) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Heritage Global Inc (HGBL) earnings time?
Heritage Global Inc (HGBL) earnings time is at Aug 06, 2026, After Close (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 2026 (Q2) is 0.04.