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

Broadstone Net Lease

02/05/2024 11:26

* Broadstone Net Lease Inc  BNL.N  reported quarterly
adjusted
earnings of 35 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 21 cents.  The mean expectation of two analysts
for the quarter was for earnings of 17 cents per share. Wall
Street expected results to range from 16 cents to 18 cents per
share.
    * Revenue fell 11.5% to $105.37 million from a year ago;
analysts
expected $107.05 million. 
    * Broadstone Net Lease Inc's reported EPS for the quarter
was 35
cents​.
    * The company reported quarterly net income of $65.11
million.
    * Broadstone Net Lease Inc shares had fallen by 6.7% this
quarter and lost 15.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.6%
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 "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "hold"

Wall Street's median 12-month price target for Broadstone Net
Lease Inc is $18.00 
This summary was machine generated from LSEG data May 2 at 10:26
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
 Mar. 31 2024      0.36           0.37           Beat
 Dec. 31 2023      0.39           0.35           Missed
 Sep. 30 2023      0.38           0.39           Beat
 Jun. 30 2023      0.39           0.37           Missed