Horizon Bancorp Q2 2024 GAAP EPS $0.32 Beats $0.31 Estimate, Sales $55.764M Beat $55.215M Estimate
Portfolio Pulse from Benzinga Newsdesk
Horizon Bancorp (NASDAQ:HBNC) reported Q2 2024 earnings per share (EPS) of $0.32, beating the analyst estimate of $0.31. Sales were $55.764 million, also surpassing the estimate of $55.215 million. However, both EPS and sales were down compared to the same period last year.
July 24, 2024 | 8:35 pm
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Horizon Bancorp reported Q2 2024 EPS of $0.32, beating the analyst estimate of $0.31. Sales were $55.764 million, also surpassing the estimate of $55.215 million. However, both EPS and sales were down compared to the same period last year.
The positive earnings and sales surprise should provide a short-term boost to HBNC's stock price. However, the year-over-year decline in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100