Horizon Bancorp Inc expected to post earnings of 37  cents a share - Earnings Preview

Horizon Bancorp

25/07/2023 03:36

* Horizon Bancorp Inc  HBNC.OQ   HBNC.O  is expected to show
a
fall in quarterly revenue when it reports  results on July 26. 
    * The Michigan City Indiana-based  company is expected to
report 
a 7.4% decrease in revenue to $55.966 million from $60.44
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Horizon Bancorp Inc
is
for earnings of 37 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 $13​, above​ its last closing price of $11.80. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.41        0.40       0.42      Beat    3.8
 Dec. 31 2023  0.51        0.51       0.48      Missed  -5.1
 Sep. 30 2022  0.61        0.60       0.55      Missed  -8.8​
 Jun. 30 2022  0.54        0.52       0.57      Beat    9.6
 ​​Mar.        0.48        0.47       0.54      Beat    15.3
 31 2022                                                
 Dec. 31 2021  0.53        0.53       0.53      Met     0.2​
 Sep. 30 2021  0.43        0.44       0.52      Beat    18.2
 Jun. 30 2021  0.44        0.44       0.50      Beat    14.7
 This summary was machine generated July 25 at 02:36 GMT.  All
figures in US dollars  unless otherwise stated