Horizon Bancorp Inc expected to post earnings of 51cents a share - Earnings Preview

Horizon Bancorp

23/01/2023 21:12

* Horizon Bancorp Inc  HBNC.OQ   HBNC.O  is expected to show
a
rise in quarterly revenue when it reports  results on January
25. 
    * The Michigan City Indiana-based  company is expected to
report 
a 3.6% increase in revenue to $65.044 million from $62.8 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 51 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"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 $18​, above​ its last closing price of $15.63. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  0.53        0.53       0.53      Met     0.2
 ​​Sep.        0.43        0.44       0.52      Beat    18.2
 30 2021                                                
 Jun. 30 2021  0.44        0.44       0.50      Beat    14.7​
 Mar. 31 2021  0.42        0.40       0.46      Beat    13.9
 Dec. 31 2020  0.39        0.40       0.57      Beat    44.1
 This summary was machine generated January 23 at 21:11 GMT.  All
figures in US dollars  unless otherwise stated