Horizon Technology Finance Corp: Here’s What Investors Need to Know Before Earnings

Horizon Technology Finance Corp (NASDAQ:HRZN) will report earnings after markets close on Tuesday, May 7th. Horizon Technology Finance Corporation is an externally-managed, non-diversified closed-end management investment company. The Company offers secured working capital loans, secured revolving loans and secured equipment loans to companies that have received a round of venture capital and private equity financing.

Here is your Cheat Sheet to Horizon Technology Finance Corp Earnings:

Earnings Expectations: Analysts expect earnings of $0.34 per share on revenues of $7.15 million. Currently, the company’s P/E ratio stands at 29.98.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.38 to a profit $0.36. For the current year, the average estimate is a profit of $1.43, which is worse than the estimate ninety days ago.

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Earnings Trends:

Here’s how Horizon Technology Finance Corp has been performing on an annual basis:

Fiscal Year 2009 2011 2012
Revenue ($) in millions 16.36 24.05 26.66
Diluted EPS ($) 1.44 0.47

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 6.18 6.63 5.48 6.62 7.94
Diluted EPS ($) 0.1030 0.33 0.29 0.40 -0.4614

Past Performance:
Horizon Technology Finance Corp has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)