Will Horizon Bancorp (HBNC) Beat Estimates Again in Its Next Earnings Report?

Earnings Performance and Predictions - Horizon Bancorp has a history of beating earnings estimates, with an average surprise of 7.02% over the last two quarters [5] - For the most recent quarter, the company reported earnings of $0.41 per share, surpassing the expected$0.37 per share, resulting in a 10.81% surprise [6] - In the previous quarter, Horizon Bancorp reported $0.32 per share, beating the consensus estimate of$0.31 per share, a surprise of 3.23% [6] Earnings ESP and Zacks Rank - Horizon Bancorp currently has a positive Earnings ESP of +4.24%, indicating analysts' bullish outlook on the company's earnings prospects [7] - The combination of a positive Earnings ESP and a Zacks Rank 3 (Hold) suggests a high likelihood of another earnings beat [7] - Stocks with a positive Earnings ESP and a Zacks Rank 3 or better have a 70% chance of producing a positive earnings surprise [2] Analyst Estimates and Predictive Power - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [3] - A positive Earnings ESP increases the odds of an earnings beat, while a negative value reduces predictive power but does not necessarily indicate a miss [7] - Utilizing the Earnings ESP Filter can help identify stocks with high potential for earnings surprises before quarterly reports [4]