Earnings Preview: Horizon Bancorp
Portfolio Pulse from Benzinga Insights
Horizon Bancorp (NASDAQ:HBNC) is scheduled to release its quarterly earnings report on January 24, 2024. Analysts predict an EPS of $0.31. Investors are looking for an earnings beat and positive guidance for future growth. Horizon Bancorp's past earnings performance shows mixed results with minor share price movements following earnings releases. The stock is currently trading at $14.04, down 8.95% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
January 23, 2024 | 6:01 pm
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NEUTRAL IMPACT
Horizon Bancorp is expected to report an EPS of $0.31 in its upcoming earnings. Historical data shows minor stock movements post-earnings, with a recent downtrend in stock price.
The expected EPS is already factored into the stock price, and Horizon Bancorp's history of minor post-earnings price movements suggests a neutral short-term impact. However, the stock's recent downtrend could indicate a bearish sentiment that might temper any positive reaction to an earnings beat.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100