Horizon Technology Finance (HRZN) Shares Move -1.85%: What You Need to Know

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Horizon Technology Finance (HRZN) closed at $13.78 last trading session, marking a -1.85% decline from the previous day. This change was narrower than the S&P 500’s 2.77% loss on the day. Elsewhere, the Dow lost 2.82%, while the tech-heavy Nasdaq lost 0.83%.

As of today, shares of the investment company had gained 0.21% over the past month. Meanwhile, the financials sector lost 2.69%, while the S&P 500 lost 1.35%.

Horizon Technology Finance will look to show strength ahead of its next earnings release, which is expected on May 3, 2022. The company is expected to post EPS of $0.29, down 6.45% from in the quarter of the previous year. Our most recent consensus estimate calls for quarterly revenue of $14.58 million, up 10.25% from the prior year period.

Looking to 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.

It’s also important to note recent changes to analyst estimates for Horizon Technology Finance. Recent revisions tend to reflect the latest short-term trading trends. With this in mind, we can view positive estimate revisions as a sign of optimism about the company’s business prospects.

Based on our research, we believe that these estimate revisions are directly related to the team’s close stock movements. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes into account these estimation changes and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive track record of outperformance verified by external audits, with #1 stocks generating an average annual return of +25% since 1988 Over the past month, the Zacks Consensus EPS estimate has remained flat. Horizon Technology Finance currently holds a Zacks rank of #3 (Hold).

Given its valuation, Horizon Technology Finance has a Forward P/E ratio of 10.36. This valuation marks a discount compared to the average Forward P/E of its sector of 11.37.

The Financial – SBIC & Commercial Industry is part of the Finance sector. This group has a Zacks industry ranking of 88, which places it in the top 35% of over 250 industries.

The Zacks Industry Rankings are ranked from best to worst in terms of the average Zacks Ranking of individual companies in each of these industries. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and more, at Zacks.com.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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