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Horizon Technology Finance (HRZN) Gains As Market Dips: What You Should Know

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Horizon Technology Finance (HRZN - Free Report) closed at $14.18 in the latest trading session, marking a +0.14% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.06%. Elsewhere, the Dow gained 0.72%, while the tech-heavy Nasdaq added 0.64%.

Prior to today's trading, shares of the investment company had gained 1.8% over the past month. This has outpaced the Finance sector's loss of 1.97% and the S&P 500's gain of 0.17% in that time.

Wall Street will be looking for positivity from Horizon Technology Finance as it approaches its next earnings report date. This is expected to be May 3, 2022. On that day, Horizon Technology Finance is projected to report earnings of $0.29 per share, which would represent a year-over-year decline of 6.45%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.58 million, up 10.25% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $1.36 per share and revenue of $64.2 million, which would represent changes of -3.55% and +6.96%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for Horizon Technology Finance. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Horizon Technology Finance is currently sporting a Zacks Rank of #3 (Hold).

Looking at its valuation, Horizon Technology Finance is holding a Forward P/E ratio of 10.45. This represents a discount compared to its industry's average Forward P/E of 11.44.

The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 93, which puts it in the top 37% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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