We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Horizon Technology Finance (HRZN) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Horizon Technology Finance (HRZN - Free Report) closed the most recent trading day at $14.06, moving -0.5% from the previous trading session. This move lagged the S&P 500's daily gain of 1.23%. At the same time, the Dow added 0.97%, and the tech-heavy Nasdaq gained 0.44%.
Coming into today, shares of the investment company had lost 9.19% in the past month. In that same time, the Finance sector gained 2.9%, while the S&P 500 gained 4.69%.
Horizon Technology Finance will be looking to display strength as it nears its next earnings release. On that day, Horizon Technology Finance is projected to report earnings of $0.29 per share, which would represent a year-over-year decline of 6.45%. Our most recent consensus estimate is calling for quarterly revenue of $14.58 million, up 10.25% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.36 per share and revenue of $64.2 million. These totals would mark changes of -3.55% and +6.96%, respectively, from last year.
Any recent changes to analyst estimates for Horizon Technology Finance should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.73% lower. Horizon Technology Finance currently has a Zacks Rank of #3 (Hold).
Investors should also note Horizon Technology Finance's current valuation metrics, including its Forward P/E ratio of 10.43. This represents a discount compared to its industry's average Forward P/E of 11.33.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This group has a Zacks Industry Rank of 88, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Horizon Technology Finance (HRZN) Stock Sinks As Market Gains: What You Should Know
Horizon Technology Finance (HRZN - Free Report) closed the most recent trading day at $14.06, moving -0.5% from the previous trading session. This move lagged the S&P 500's daily gain of 1.23%. At the same time, the Dow added 0.97%, and the tech-heavy Nasdaq gained 0.44%.
Coming into today, shares of the investment company had lost 9.19% in the past month. In that same time, the Finance sector gained 2.9%, while the S&P 500 gained 4.69%.
Horizon Technology Finance will be looking to display strength as it nears its next earnings release. On that day, Horizon Technology Finance is projected to report earnings of $0.29 per share, which would represent a year-over-year decline of 6.45%. Our most recent consensus estimate is calling for quarterly revenue of $14.58 million, up 10.25% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.36 per share and revenue of $64.2 million. These totals would mark changes of -3.55% and +6.96%, respectively, from last year.
Any recent changes to analyst estimates for Horizon Technology Finance should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.73% lower. Horizon Technology Finance currently has a Zacks Rank of #3 (Hold).
Investors should also note Horizon Technology Finance's current valuation metrics, including its Forward P/E ratio of 10.43. This represents a discount compared to its industry's average Forward P/E of 11.33.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This group has a Zacks Industry Rank of 88, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.