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

Horizon Technology Finance

31/10/2023 23:15

* Horizon Technology Finance Corp  HRZN.OQ  reported
quarterly
adjusted earnings of 53 cents​​ per share for the quarter ended
in September, higher than the same quarter last year, when the
company reported EPS of 43 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 41 cents per
share. Wall Street expected results to range from 36 cents to 47
cents per share.
    * Revenue rose 25.3% to $29.14 million from a year ago;
analysts
expected $28.06 million. 
    * Horizon Technology Finance Corp's reported EPS for the
quarter
was a loss of 37 cents​.
    * The company reported a quarterly loss of $11.98 million.
    * Horizon Technology Finance Corp shares had fallen by 8.2%
this
quarter and lost 5.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2% 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," 4
"hold" and 2 "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 $12.00 
This summary was machine generated from LSEG data October 31 at
11:13 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.41           0.53           Beat
 Jun. 30 2023      0.41           0.54           Beat
 Mar. 31 2023      0.40           0.46           Beat
 Dec. 31 2022      0.39           0.40           Beat