Horizon Bancorp Q2 Adj EPS $0.41 Beats $0.37 Estimate, Sales $57.16M Beat $55.97M Estimate
Portfolio Pulse from totan@benzinga.com
Horizon Bancorp (NASDAQ:HBNC) reported Q2 earnings of $0.41 per share, beating the analyst consensus estimate of $0.37 by 10.81%. However, this is a 26.79% decrease from the same period last year. The company also reported quarterly sales of $57.16 million, beating the estimate of $55.97 million by 2.12%, but this is a 12.66% decrease from last year.
July 26, 2023 | 10:15 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Horizon Bancorp's Q2 earnings and sales beat estimates but showed a decrease from the same period last year.
While Horizon Bancorp beat the estimates for Q2 earnings and sales, the decrease from the same period last year could potentially concern investors. This mixed result makes the short term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100