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

NexPoint Residential Trust

30/04/2024 15:57

* NexPoint Residential Trust Inc  NXRT.N  reported quarterly
adjusted earnings of $1.00​​ per share for the quarter ended in
March, 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 26 cents per
share. Wall Street expected results to range from -22 cents
to $1.52 per share.
    * Revenue fell 2.4% to $67.58 million from a year ago;
analysts
expected $66.58 million. 
    * NexPoint Residential Trust Inc's reported EPS for the
quarter
was $1.00​.
    * The company reported quarterly net income of $26.3
million.
    * NexPoint Residential Trust Inc shares had risen by 3.5%
this
quarter and lost 3.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 residential
reits
peer group is also "buy"

Wall Street's median 12-month price target for NexPoint
Residential Trust Inc is $35.00 
This summary was machine generated from LSEG data April 30 at
02:56 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
 Mar. 31 2024      0.68           0.72           Beat
 Dec. 31 2023      0.71           0.68           Missed
 Sep. 30 2023      0.73           0.55           Missed
 Jun. 30 2023      0.72           0.75           Beat