Horizon Technology Finance Corp reports results for the quarter ended in December - Earnings Summary

Horizon Technology Finance

28/02/2024 05:49

* Horizon Technology Finance Corp  HRZN.OQ  reported
quarterly
adjusted earnings of 45 cents​​ per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of 40 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 44 cents per
share. Wall Street expected results to range from 36 cents to 53
cents per share.
    * Revenue rose 21.8% to $28.18 million from a year ago;
analysts
expected $27.85 million. 
    * Horizon Technology Finance Corp's reported EPS for the
quarter
was a loss of 32 cents​.
    * The company reported a quarterly loss of $10.66 million.
    * Horizon Technology Finance Corp shares had fallen by 0.5%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the closed end
funds
peer group is also "hold"

Wall Street's median 12-month price target for Horizon
Technology Finance Corp is $11.25 
This summary was machine generated from LSEG data February 28 at
05:48 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.44           0.45           Beat
 Sep. 30 2023      0.41           0.53           Beat
 Jun. 30 2023      0.41           0.54           Beat
 Mar. 31 2023      0.40           0.46           Beat