Horizon Know-how Finance (HRZN) got here out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.26 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 14.81%. 1 / 4 in the past, it was anticipated that this funding firm would put up earnings of $0.28 per share when it truly produced earnings of $0.21, delivering a shock of -25%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.
Horizon Know-how Finance, which belongs to the Zacks Monetary – SBIC & Industrial Business business, posted revenues of $13.22 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 13.87%. This compares to year-ago revenues of $10.11 million. The corporate has topped consensus income estimates 3 times over the past 4 quarters.
The sustainability of the inventory’s rapid worth motion based mostly on the recently-released numbers and future earnings expectations will principally rely upon administration’s commentary on the earnings name.
Horizon Know-how Finance shares have added about 20.3% because the starting of the 12 months versus the S&P 500’s achieve of 11.5%.
What’s Subsequent for Horizon Know-how Finance?
Whereas Horizon Know-how Finance has outperformed the market to this point this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist traders handle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified these days.
Empirical analysis reveals a powerful correlation between near-term inventory actions and traits in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested score device just like the Zacks Rank, which has a formidable monitor document of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions pattern for Horizon Know-how Finance was unfavorable. Whereas the magnitude and route of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #4 (Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You may see the whole listing of in the present day’s Zacks #1 Rank (Robust Purchase) shares right here.
Will probably be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.29 on $12.4 million in revenues for the approaching quarter and $1.18 on $50.3 million in revenues for the present fiscal 12 months.
Traders must be conscious of the truth that the outlook for the business can have a fabric affect on the efficiency of the inventory as effectively. By way of the Zacks Business Rank, Monetary – SBIC & Industrial Business is at present within the high 44% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Horizon Technology Finance Corporation (HRZN) : Free Stock Analysis Report
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