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

Horizon Technology Finance

02/08/2023 24:40

* Horizon Technology Finance Corp  HRZN.OQ  reported
quarterly
adjusted earnings of 54 cents​​ per share for the quarter ended
in June. The mean expectation of eight analysts for the quarter
was for earnings of 41 cents per share.
    * Revenue rose 57.8% to $29.33 million from a year ago;
analysts
expected $26.58 million. 
    * Horizon Technology Finance Corp's reported EPS for the
quarter
was 1 cent​.
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Horizon Technology Finance Corp shares had risen by 8.6%
this
quarter and gained 13.1% so far this year.
    * The company reported quarterly net income of $152
thousand.
    * Wall Street's median 12-month price target for Horizon
Technology Finance Corp is $11.88 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 1 at 11:40 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.41           0.54           Beat
 Mar. 31 2023      0.40           0.46           Beat
 Dec. 31 2022      0.39           0.40           Beat
 Sep. 30 2022      0.35           0.43           Beat