Heritage Global Inc.(HGBL)Earnings Date, History & Expected Move

Next report
Nov 5, 2026

HGBL is scheduled to report on Nov 5, 2026, usually after the market closes. Analysts expect EPS of $0.03.

Next report
Nov 5, 2026
In 12 days · usually after close
EPS beat rate
9%
1 of 11 quarters (+1 not counted)
Avg move after earnings
±7.3%
Up 25% of the time · last 12
Options-implied move
—
No reliable options quote yet

EPS: Actual vs Estimate

Reported EPS against the consensus estimate, last 12 quarters.

Green beat or met, red missed, amber sources differ.

Stock Reaction After Earnings

Close-to-close move in the first session that reflected each report.

Dashed lines mark the average actual move (±7.3%).

Did the stock rise after good news?

The next-day move after each of its last 1 EPS beats and 8 misses.

When it beat expectations
1 report
When it missed expectations
8 reports
Report by report
  • Mar '26
    Missed
    ▼ -4.9%
  • Nov '25
    Missed
    ▼ -9.1%
  • May '25
    Missed
    ▲ +2.5%
  • Mar '25
    Missed
    ▲ +12.9%
  • Nov '24
    Missed
    ▼ -4.1%
  • Aug '24
    Missed
    ▼ -16.9%
  • May '24
    Missed
    ▼ -7.7%
  • Mar '24
    Beat
    ▼ -2.0%
  • Nov '23
    Missed
    ▼ -19.3%

Clear beats and misses with a known reaction only. What counts as a beat

After an EPS beat
—
Not enough quarters yet
After an EPS miss
-5.8%
average next-day move · up 25% of 8 times

Why did HGBL fall after beating earnings?

3 of HGBL's last 9 reactions went against the EPS result. What stands out in each:

HGBL beat EPS estimates in 1 quarters, and the stock still closed lower the next day 1 time.

  • Mar 14, 2024EPS beat +62.5%stock -2.0% next day
    • It had risen 9.1% in the 20 trading sessions before the report, so good news may already have been priced in.

Rose despite an EPS miss (2 of 8)

  • May 8, 2025EPS missed -25.0%stock +2.5% next day

    Nothing in the price and estimate numbers we track stands out for this one. Guidance and management comments are not part of our data.

  • Mar 13, 2025EPS missed -120.0%stock +12.9% next day
    • It had already fallen 5.0% in the 20 trading sessions before the report, so weak results may have been expected.

Patterns in estimates and prices, not confirmed causes: how we read them.

Was HGBL's earnings move already priced in?

HGBL's move in the month before each of its last 12 reports, against what it did after.

Avg move in the month before
-4.1%
last 12 reports
Higher before the report
25%
of the time
After a run-up of 3%+
Fell 100%
3 reports, avg -8.5%
After a drop of 3%+
Rose 33%
9 reports, avg -3.2%

How the run-up is measured (a move of 5% or more counts as large).

Before vs after each report

Grey: the month before each of the last 12 reports. Green or red: the day after.

Past reports only. How the run-up is measured

Does HGBL hold its opening gap after earnings?

HGBL's opening move after each report and where it closed that day.

In 9 reports HGBL opened at least 1% away from the previous close. It gave back half or more of that gap by the close 4 of 9 times (44%), and fully reversed 4 times.

  • Aug 13, 2026Reversed
    Opened -4.6%, closed +0.9%
  • May 7, 2026Held
    Opened -2.3%, closed -3.0%
  • Nov 6, 2025Held
    Opened -1.4%, closed -9.1%
  • May 8, 2025Reversed
    Opened -2.5%, closed +2.5%
  • Mar 13, 2025Reversed
    Opened -9.1%, closed +12.9%
  • Nov 7, 2024Reversed
    Opened +1.8%, closed -4.1%
  • Aug 8, 2024Held
    Opened -19.0%, closed -16.9%
  • May 9, 2024Held
    Opened -1.6%, closed -7.7%

How gaps, fades and reversals are defined

HGBL earnings history

Last 12 reported quarters with the stock's reaction.

Swipe sideways to see every column →

Report dateTimeEPS est.EPS actualSurprise1-day move3-day move
Aug 13, 2026After close$0.03$0.02sources differ+0.93%+11.11%
May 7, 2026After close$0.02$0.020.0%-3.01%-9.77%
Mar 12, 2026After close$0.04$0.01-75.0%-4.88%-4.88%
Nov 6, 2025After close$0.04$0.02-50.0%-9.09%-9.09%
Aug 7, 2025After close$0.05$0.050.0%-3.85%-7.69%
May 8, 2025After close$0.04$0.03-25.0%+2.50%+10.50%
Mar 13, 2025After close$0.05-$0.01-120.0%+12.92%+10.05%
Nov 7, 2024After close$0.06$0.03-50.0%-4.12%-4.12%
Aug 8, 2024After close$0.09$0.07-22.2%-16.88%-18.18%
May 9, 2024After close$0.08$0.05-37.5%-7.66%-9.68%
Mar 14, 2024After close$0.08$0.13+62.5%-2.00%-8.67%
Nov 9, 2023After close$0.08$0.06-25.0%-19.25%-17.82%

Consensus for the next report: EPS $0.03, revenue $13.20M.

HGBL Earnings FAQ

Answers computed from Heritage Global Inc.'s reported history

HGBL is scheduled to report on Nov 5, 2026, usually after the market closes. Analysts expect EPS of $0.03.

Over the last 11 quarters with a usable EPS surprise, HGBL beat the consensus estimate 1 time (9%), missed 8 and landed in line 2. 1 quarter where our data sources disagree on beat versus miss are shown but not counted.

Across its last 12 quarters with a measured reaction, HGBL moved an average of ±7.3% in the first session after reporting. It closed higher 25% of the time; the largest gain was 12.9% and the largest drop -19.3%.

Across its last 12 quarters with price data, HGBL moved an average of -4.1% in the 20 trading sessions before reporting and was higher in 25% of them. After a run-up of 3% or more (3 quarters), it fell the next day 100% of the time, averaging -8.5%. After a drop of 3% or more (9 quarters), it rose the next day 33% of the time, averaging -3.2%. This describes past reports; it is not a forecast.

In 9 reports HGBL opened at least 1% away from the previous close. It gave back half or more of that gap by the close 4 of 9 times (44%), and fully reversed 4 times. A fade means the opening move was partly undone during the first session.

How we calculate these numbers · HGBL: 12 reported quarters, latest Aug 13, 2026. Information only, not investment advice.

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