Horizon Technology Finance Corporation (NASDAQ:HRZN) leading specialty finance services provider, is reporting third quarter earnings results on Tuesday 3rd November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.31 per share.
For the full year, analysts predict revenues of $ 47.54 million, while looking forward to income of $ 1.27 per share.
Previous Quarter Performance
Horizon Technology Finance Corporation outlined income for the second quarter of $ 0.40 per share, from the revenue of $ 13.52 million. The quarterly earnings elevated 8.11 percent while revenues swell 29.13 percent compared with the same quarter last year.
According to street consensus, HRZN was expected to report 2Q20 income of $ 0.29 per share from revenue of $ 10.77 million. The bottom line results beat street analysts by $ 0.11 or 37.93 percent, at the same time, top line results outshined analysts by $ 2.75 million or 25.53 percent.
Stock Performance
Shares of Horizon Technology Finance Corporation traded up $ 0.15 or 1.32 percent on Monday, reaching $ 11.55 with volume of 160.20 thousand shares. Horizon Technology Finance Corporation has traded high as $ 11.77 and has cracked $ 11.43 on the downward trend
The closing price of $ 11.55, representing a 152.77 % increase from the 52 week low of $ 4.51 and a 17.27 % decrease over the 52 week high of $ 13.78.
The company has a market capital of $ 199.74 million and is part of the Financial Services sector and Asset Management industry.
Recent Analyst recommendations
- On 23rd September 2020, initiated by National Securities at Neutral rating.
Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries. It seeks to invest in companies in the United States.
