NexPoint Residential Trust Inc reports results for the quarter ended in December - Earnings Summary

NexPoint Residential Trust

21/02/2024 11:24

* NexPoint Residential Trust Inc  NXRT.N  reported quarterly
adjusted earnings of 68 cents​​ per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of 15 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 50 cents per
share. Wall Street expected results to range from -20 cents
to $2.84 per share.
    * Revenue fell 0.6% to $68.89 million from a year ago;
analysts
expected $68.41 million. 
    * NexPoint Residential Trust Inc's reported EPS for the
quarter
was 68 cents​.
    * The company reported quarterly net income of $18.35
million.
    * NexPoint Residential Trust Inc shares had fallen by 15.1%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.9%
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," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the residential
reits
peer group is also "buy"

Wall Street's median 12-month price target for NexPoint
Residential Trust Inc is $37.00 
This summary was machine generated from LSEG data February 21 at
11:24 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      0.71           0.68           Missed
 Sep. 30 2023      0.73           0.55           Missed
 Jun. 30 2023      0.72           0.75           Beat
 Mar. 31 2023      0.75           0.74           Missed