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Heritage Global Inc (HGBL)
NASDAQ:HGBL
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.05Last Year’s EPS
0.07Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 2.00%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. The company demonstrated strong cash flow and growth in certain segments, but faced challenges including decreased operating income and issues in the Financial Assets Division. The outlook is cautiously optimistic with expectations of future growth, but current performance shows some weaknesses.Company Guidance
During Heritage Global Inc.'s first-quarter 2025 earnings call, CEO Ross Dove reported a profitable quarter with over $1.5 million in free cash flow, which will support both organic growth and aggressive M&A initiatives. The company experienced a slow start to the quarter, but momentum picked up mid-February, leading to strong results in March and April. The Industrial Assets Division achieved $1 million in operating income, while the Financial Assets Division reported $1.7 million. Despite a decrease compared to the previous year, positive growth trends are anticipated throughout 2025 and beyond, driven by increased auction activity and a push from asset-based lenders to mark-to-market. The company's balance sheet reflects $65.4 million in equity and $18.8 million in cash, with a net available cash balance of $10.2 million. Additionally, Heritage Global repurchased 500,000 shares, with $2 million remaining for future repurchases. The firm is optimistic about future growth, particularly as demand for industrial assets and financial asset disposals increases, driven by uncertain geopolitical climates and elevated consumer debt levels.Strong Free Cash Flow Generation
Heritage Global reported over $1.5 million in free cash flow, which supports its growth initiatives, including both organic and M&A strategies.
Increase in Industrial Assets Division Income
The Industrial Assets Division reported an increase in operating income to $1 million in Q1 2025 from $800,000 in Q1 2024.
Refurbishment and Retail Segment Growth
The Refurbishment and Retail segment achieved a $300,000 increase in operating income due to a broader mix of high-demand, higher-value instruments.
Strong Balance Sheet
Heritage Global's balance sheet is robust with stockholders' equity of $65.4 million and net working capital of $14.7 million as of March 31, 2025.
Positive Outlook for Industrial and Financial Assets
The company expects continued momentum in both industrial auctions and financial asset brokerage due to macroeconomic pressures and increased corporate bankruptcy filings.
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 08, 2025 | $2.00 | $2.05 | +2.50% |
Mar 13, 2025 | $2.09 | $2.36 | +12.92% |
Nov 07, 2024 | $1.70 | $1.63 | -4.12% |
Aug 08, 2024 | $2.31 | $1.92 | -16.88% |
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 07, 2025, TBA Not Confirmed.
What is Heritage Global Inc (HGBL) earnings time?
Heritage Global Inc (HGBL) earnings time is at Aug 07, 2025, TBA Not 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 2025 (Q2) is 0.05.