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

NexPoint Residential Trust

30/07/2024 14:54

* NexPoint Residential Trust Inc  NXRT.N  reported quarterly
adjusted earnings of 40 cents​​ per share for the quarter ended
in June, 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 a loss of 15 cents per
share. Wall Street expected results to range from -32 cents
to 29 cents per share.
    * Revenue fell 7.7% to $64.24 million from a year ago;
analysts
expected $64.75 million. 
    * NexPoint Residential Trust Inc's reported EPS for the
quarter
was 40 cents​.
    * The company reported quarterly net income of $10.64
million.
    * NexPoint Residential Trust Inc shares had risen by 10.3%
this
quarter and gained 26.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.4%
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 3 "strong buy" or "buy," 6
"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 $38.00 
This summary was machine generated from LSEG data July 30 at
01:53 p.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
 Jun. 30 2024      0.64           0.62           Missed
 Mar. 31 2024      0.68                          
 Dec. 31 2023      0.71                          
 Sep. 30 2023      0.73           0.55           Missed