Horizon Bancorp's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Horizon Bancorp (NASDAQ:HBNC) is set to release its quarterly earnings report on October 25, 2023. Analysts estimate an earnings per share (EPS) of $0.36. The company's past performance shows a pattern of beating EPS estimates, which has often led to an increase in share price. However, the stock has been on a downward trend, with shares down 51.44% over the last 52-week period.
October 24, 2023 | 8:01 pm
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Horizon Bancorp is expected to report an EPS of $0.36. The company has a history of beating EPS estimates, which could potentially lead to a short-term increase in share price. However, the stock has been in a long-term downward trend.
Horizon Bancorp's earnings report could potentially lead to a short-term increase in share price if the company beats the EPS estimate, as it has done in the past. However, the long-term trend for the stock is bearish, with shares down 51.44% over the last 52-week period. This could potentially offset any short-term gains.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100