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

Horizon Technology Finance

31/07/2024 24:20

* Horizon Technology Finance Corp  HRZN.OQ  reported
quarterly
adjusted earnings of 36 cents​​ per share for the quarter ended
in June, lower than the same quarter last year, when the company
reported EPS of 54 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 36 cents per
share. Wall Street expected results to range from 30 cents to 42
cents per share.
    * Revenue fell 8.7% to $25.68 million from a year ago;
analysts
expected $25.32 million. 
    * Horizon Technology Finance Corp's reported EPS for the
quarter
was a loss of 26 cents​.
    * The company reported a quarterly loss of $9.13 million.
    * Horizon Technology Finance Corp shares had risen by 1.1%
this
quarter and lost 7.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.9%
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 1 "strong buy" or "buy," 4
"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 $10.00 
This summary was machine generated from LSEG data July 30 at
11:20 p.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
 Jun. 30 2024      0.36           0.36           Met
 Mar. 31 2024      0.38           0.38           Met
 Dec. 31 2023      0.44           0.45           Beat
 Sep. 30 2023      0.41           0.53           Beat