Research Analysts Issue Forecasts for HeartCore Enterprises, Inc.’s Q2 2024 Earnings (NASDAQ:HTCR)

HeartCore Enterprises, Inc. (NASDAQ:HTCR) – Equities researchers at Zacks Small Cap cut their Q2 2024 earnings per share (EPS) estimates for HeartCore Enterprises in a research note issued to investors on Thursday, May 16th. Zacks Small Cap analyst T. Kerr now forecasts that the company will earn $0.00 per share for the quarter, down from their previous forecast of $0.05. The consensus estimate for HeartCore Enterprises’ current full-year earnings is $0.44 per share. Zacks Small Cap also issued estimates for HeartCore Enterprises’ Q3 2024 earnings at $0.02 EPS and Q4 2024 earnings at $0.05 EPS.

HeartCore Enterprises (NASDAQ:HTCR) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.32). HeartCore Enterprises had a negative return on equity of 67.51% and a negative net margin of 40.78%. The firm had revenue of $5.05 million during the quarter, compared to analyst estimates of $5.10 million.

HeartCore Enterprises Price Performance

HTCR stock opened at $0.70 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.25. The firm has a market cap of $14.60 million, a price-to-earnings ratio of -2.00 and a beta of 1.65. The company’s fifty day simple moving average is $0.92 and its 200 day simple moving average is $0.71. HeartCore Enterprises has a 12-month low of $0.36 and a 12-month high of $3.43.

HeartCore Enterprises Dividend Announcement

The firm also recently declared a — dividend, which was paid on Friday, May 3rd. Shareholders of record on Friday, April 26th were issued a dividend of $0.02 per share. The ex-dividend date was Thursday, April 25th. HeartCore Enterprises’s payout ratio is -5.71%.

HeartCore Enterprises Company Profile

HeartCore Enterprises, Inc, a software development company, provides Software as a Service solutions to enterprise customers in Japan and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement.