HeartCore Enterprises, Inc. (HTCR) Reports Q1 Loss, Misses Revenue Estimates

Financial Performance - HeartCore Enterprises reported a quarterly loss of $0.06 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.01, marking an earnings surprise of -500% [1] - The company's revenues for the quarter ended March 2025 were $3.59 million, missing the Zacks Consensus Estimate by 25.74%, and down from $5.05 million a year ago [2] - Over the last four quarters, HeartCore has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2] Stock Performance - HeartCore shares have declined approximately 62.8% since the beginning of the year, contrasting with the S&P 500's gain of 0.2% [3] - The current Zacks Rank for HeartCore is 5 (Strong Sell), indicating expectations of underperformance in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is -$0.02 on revenues of $4.65 million, and for the current fiscal year, it is -$0.01 on revenues of $18.18 million [7] - The estimate revisions trend for HeartCore is currently unfavorable, which could impact future stock movements [6] Industry Context - The Internet - Software and Services industry, to which HeartCore belongs, is currently ranked in the bottom 18% of over 250 Zacks industries, suggesting a challenging environment for stock performance [8]