Broadstone Net Lease Inc reports results for the quarter ended in December - Earnings Summary

Broadstone Net Lease

23/02/2024 03:16

* Broadstone Net Lease Inc  BNL.N  reported quarterly
adjusted
earnings of 3 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 20 cents.  The lone analyst forecast for
the quarter was for earnings of 18 cents per share. 
    * Revenue fell 6.4% to $105.00 million from a year ago;
analysts
expected $110.23 million. 
    * Broadstone Net Lease Inc's reported EPS for the quarter
was 3
cents​.
    * The company reported quarterly net income of $6.48
million.
    * Broadstone Net Lease Inc shares had fallen by 9.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "buy"

Wall Street's median 12-month price target for Broadstone Net
Lease Inc is $19.00 
This summary was machine generated from LSEG data February 23 at
03:16 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.39           0.35           Missed
 Sep. 30 2023      0.38           0.39           Beat
 Jun. 30 2023      0.39           0.37           Missed
 Mar. 31 2023      0.38           0.41           Beat