Horizon Bancorp Inc expected to post earnings of 52  cents a share - Earnings Preview

Horizon Bancorp

26/07/2022 03:03

* Horizon Bancorp Inc  HBNC.OQ   HBNC.O  is expected to show
a
rise in quarterly revenue when it reports  results on July 27. 
    * The Michigan City Indiana-based  company is expected to
report 
a 17.8% increase in revenue to $63.729 million from $54.09
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 52 cents per share. For the same quarter last
year, the company reported earnings of 50 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"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 $22​, above​ its last closing price of $18.40. ​​​
    * 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 2022  0.48        0.47       0.54      Beat    15.3
 Dec. 31 2022  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
 ​​Mar.        0.42        0.40       0.46      Beat    13.9
 31 2021                                                
 Dec. 31 2020  0.39        0.40       0.57      Beat    44.1​
 Sep. 30 2020  0.36        0.36       0.46      Beat    28.9
 Jun. 30 2020  0.23        0.22       0.33      Beat    48.6
 This summary was machine generated July 26 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated