HeartCore Enterprises, Inc. (HTCR) Beats Q2 Earnings and Revenue Estimates

Company Performance - HeartCore Enterprises, Inc. (HTCR) reported quarterly earnings of $0.04 per share, exceeding the Zacks Consensus Estimate of a loss of $0.08 per share, and improved from a loss of $0.09 per share a year ago, representing an earnings surprise of +150.00% [1] - The company posted revenues of $4.74 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 4.72%, compared to revenues of $4.07 million in the same quarter last year [2] - Over the last four quarters, HeartCore Enterprises has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - HeartCore Enterprises shares have declined approximately 73.8% since the beginning of the year, while the S&P 500 has gained 9.6% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.07 on revenues of $4.64 million, and for the current fiscal year, it is -$0.36 on revenues of $17.19 million [7] Industry Outlook - The Zacks Industry Rank for Internet - Software and Services is currently in the top 33% of over 250 Zacks industries, indicating that the industry is performing relatively well [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors should monitor these revisions closely [5]