Horizon Bancorp Inc expected to post earnings of 40  cents a share - Earnings Preview

Horizon Bancorp

25/04/2023 03:02

* Horizon Bancorp Inc  HBNC.OQ   HBNC.O  is expected to show
a
rise in quarterly revenue when it reports  results on April 26. 
    * The Michigan City Indiana-based  company is expected to
report 
a 1.2% increase in revenue to $58.372 million from $57.66
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 40 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"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 $10.39. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  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. 31 2022  0.48        0.47       0.54      Beat    15.3
 ​​Dec.        0.53        0.53       0.53      Met     0.2
 31 2021                                                
 Sep. 30 2021  0.43        0.44       0.52      Beat    18.2​
 Jun. 30 2021  0.44        0.44       0.50      Beat    14.7
 Mar. 31 2021  0.42        0.40       0.46      Beat    13.9
 This summary was machine generated April 25 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated