Horizon Technology Finance (HRZN) Q3 Earnings and Revenues Miss Estimates

Company Performance - Horizon Technology Finance reported quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of$ 0.35 per share, and down from $0.53 per share a year ago, representing an earnings surprise of -8.57% [1] - The company posted revenues of$ 24.56 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 3.22%, and down from $29.14 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates two times but has not beaten consensus revenue estimates [2] Stock Performance - Horizon Technology Finance shares have lost about 23.1% since the beginning of the year, contrasting with the S&P 500's gain of 22.1% [3] - The current consensus EPS estimate for the coming quarter is$ 0.32 on revenues of $25.62 million, and for the current fiscal year, it is$ 1.23 on revenues of $102.81 million [7] Industry Outlook - The Financial - SBIC & Commercial Industry, to which Horizon Technology Finance belongs, is currently in the bottom 19% of over 250 Zacks industries, indicating a challenging environment [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]