Reuters
2024.07.27 00:46
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Horizon Technology Finance CorpQ) expected to post earnings of 36 cents a share - Earnings Preview

Horizon Technology Finance Corp is expected to report a 10% decrease in revenue for the second quarter of 2024. Analysts estimate earnings of 36 cents per share. The average analyst rating on the shares is "hold" with a price target of $10.00. Previous quarterly performance shows consistent beats in earnings estimates.

  • Horizon Technology Finance Corp (HRZN.OQ) (HRZN.O) is expected to show a fall in quarterly revenue when it reports results on July 30 for the period ending June 30 2024

  • The Farmington Connecticut-based company is expected to report a 10.0% decrease in revenue to $25.317 million from $28.12 million a year ago, according to the mean estimate from 6 analysts, based on LSEG data. (SAL is based on Total Investment Income)

  • ​LSEG’s mean analyst estimate for Horizon Technology Finance Corp is for earnings of 36 cents per share.

  • The current average analyst rating on the shares is “hold” and the breakdown of recommendations is 1 “strong buy” or “buy,” 4 “hold” and 3 “sell” or “strong sell.”

  • The mean earnings estimate of analysts was unchanged in the last three months. ​

  • Wall Street’s median 12-month price target for Horizon Technology Finance Corp is $10.00​, below​ its last closing price of $12.27. ​​​ Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Mar. 31 2024 0.40 0.38 0.38 Met -1.1

Dec. 31 2024 0.47 0.44 0.45 Beat 2

Sep. 30 2023 0.42 0.41 0.53 Beat 28.5​

Jun. 30 2023 0.42 0.41 0.54 Beat 32.1

​​Mar. 0.41 0.40 0.46 Beat 15.7

31 2023

Dec. 31 2022 0.40 0.39 0.40 Beat 2.2​

Sep. 30 2022 0.35 0.35 0.43 Beat 22.4

Jun. 30 2022 0.34 0.34 0.35 Beat 3.7

This summary was machine generated July 27 at 00:46 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)