Broadstone Net Lease Inc reports results for the quarter ended in September 30 - Earnings Summary

Broadstone Net Lease

31/10/2024 02:40

* Broadstone Net Lease Inc  BNL.N  reported quarterly
adjusted
earnings of 19 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 26 cents.  The mean expectation of four analysts
for the quarter was for earnings of 21 cents per share. Wall
Street expected results to range from 17 cents to 30 cents per
share.
    * Revenue fell 1% to $108.40 million from a year ago;
analysts
expected $106.57 million. 
    * Broadstone Net Lease Inc's reported EPS for the quarter
was 19
cents​.
    * The company reported quarterly net income of $35.61
million.
    * Broadstone Net Lease Inc shares had fallen by 5.0% this
quarter and gained 4.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
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 "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and 1 "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 19.50 
This summary was machine generated from LSEG data October 31 at
02:39 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
 Sep. 30 2024      0.37           0.37           Met
 Jun. 30 2024      0.36           0.36           Met
 Mar. 31 2024      0.36           0.37           Beat
 Dec. 31 2023      0.39           0.35           Missed