Horizon Technology Finance Corp reports results for the quarter ended in September 30 - Earnings Summary

Horizon Technology Finance

30/10/2024 03:01

* Horizon Technology Finance Corp  HRZN.OQ  reported
quarterly
adjusted earnings of 32 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of 53 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 35 cents per
share. Wall Street expected results to range from 32 cents to 37
cents per share.
    * Revenue fell 15.7% to $24.56 million from a year ago;
analysts
expected $25.49 million. 
    * Horizon Technology Finance Corp's reported EPS for the
quarter
was 20 cents​.
    * The company reported quarterly net income of $7.28
million.
    * Horizon Technology Finance Corp shares had fallen by 4.9%
this
quarter and lost 22.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.3%
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 9.00 
This summary was machine generated from LSEG data October 30 at
03:00 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
 Sep. 30 2024      0.35           0.32           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