Sidoti Csr Has Pessimistic Outlook of HTCR FY2024 Earnings

HeartCore Enterprises, Inc. (NASDAQ:HTCR) – Research analysts at Sidoti Csr lowered their FY2024 earnings estimates for shares of HeartCore Enterprises in a research report issued to clients and investors on Wednesday, March 19th. Sidoti Csr analyst A. Shah now expects that the company will earn $0.37 per share for the year, down from their previous forecast of $0.39. The consensus estimate for HeartCore Enterprises’ current full-year earnings is $0.39 per share. Sidoti Csr also issued estimates for HeartCore Enterprises’ Q4 2024 earnings at $0.00 EPS, Q1 2026 earnings at $0.00 EPS, Q2 2026 earnings at $0.00 EPS, Q3 2026 earnings at $0.02 EPS, Q4 2026 earnings at $0.02 EPS and FY2026 earnings at $0.04 EPS.

HeartCore Enterprises Stock Performance

Shares of HTCR opened at $0.99 on Thursday. The company’s fifty day moving average is $1.35 and its 200-day moving average is $1.26. HeartCore Enterprises has a 12 month low of $0.55 and a 12 month high of $3.38. The firm has a market cap of $20.80 million, a price-to-earnings ratio of 4.14 and a beta of 1.75. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.10.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of HTCR. Renaissance Technologies LLC bought a new stake in shares of HeartCore Enterprises during the 4th quarter worth $185,000. Citadel Advisors LLC bought a new stake in shares of HeartCore Enterprises during the 4th quarter worth $83,000. Finally, CreativeOne Wealth LLC bought a new stake in shares of HeartCore Enterprises during the 4th quarter worth $78,000. Institutional investors and hedge funds own 1.71% of the company’s stock.

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.