Horizon Bancorp Inc expected to post earnings of 31 cents a share - Earnings Preview

Horizon Bancorp

22/01/2024 21:55

* Horizon Bancorp Inc  HBNC.OQ   HBNC.O  is expected to show
a
fall in quarterly revenue when it reports  results on January 24
for the period ending December 31 2023
    * The Michigan City Indiana-based  company is expected to
report a
12.0% decrease in revenue to $52.339 million from $59.46 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data. (SAL is on sales/revenue basis)
    * ​LSEG's mean analyst estimate for Horizon Bancorp Inc is
for
earnings of 31 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "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
Bancorp
Inc is $14.00​, above​ its last closing price of $13.47. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.36        0.36       0.37      Beat    1.5
 Jun. 30 2023  0.36        0.37       0.43      Beat    14.7
 Mar. 31 2023  0.41        0.40       0.42      Beat    3.8​
 Dec. 31 2022  0.51        0.51       0.48      Missed  -5.1
 ​​Sep.        0.61        0.60       0.55      Missed  -8.8
 30 2022                                                
 Jun. 30 2022  0.54        0.52       0.57      Beat    9.6​
 Mar. 31 2022  0.48        0.47       0.54      Beat    15.3
 Dec. 31 2021  0.53        0.53       0.53      Met     0.2
 This summary was machine generated January 22 at 21:55 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)