Horizon Technology Finance Corp reports results for the quarter ended June 30 - Earnings Summary

• Horizon Technology Finance Corp HRZN.OQ reported quarterly adjusted earnings of 28 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 36 cents. The mean expectation of eight analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 27 cents to 30 cents per share.

• Revenue fell 4.5% to $24.52 million from a year ago; analysts expected $24.54 million.

• Horizon Technology Finance Corp's reported EPS for the quarter was a loss of 50 cents​.

• The company reported a quarterly loss of $20.78 million.

• Horizon Technology Finance Corp shares had risen by 2.9% this quarter and lost 17.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 5 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the closed end funds peer group is "buy."

• Wall Street's median 12-month price target for Horizon Technology Finance Corp is $7.00, about 5.9% below its last closing price of $7.41

This summary was machine generated from LSEG data August 8 at 06:05 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)