Horizon Bancorp: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Horizon Bancorp (NASDAQ:HBNC) reported Q4 earnings with an EPS of $0.33, beating estimates by 6.45% against the expected $0.31. However, revenue decreased by $37.65 million compared to the same period last year. In the previous quarter, a beat on EPS resulted in a slight drop in share price the following day. The company's past earnings performance shows fluctuating EPS and revenue figures over the last four quarters.
January 24, 2024 | 9:20 pm
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Horizon Bancorp reported a higher-than-expected Q4 EPS of $0.33, but experienced a significant revenue drop from the previous year. Historical data suggests a mixed reaction to past earnings performances.
While Horizon Bancorp beat EPS estimates, which could be seen as a positive sign, the significant drop in revenue may concern investors. The historical slight drop in share price following the previous quarter's earnings beat suggests that the market reaction could be muted. Therefore, the short-term impact on HBNC's stock price is uncertain, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100