NexPoint Residential Trust Inc reports results for the quarter ended in September 30 - Earnings Summary

NexPoint Residential Trust

29/10/2024 14:22

* NexPoint Residential Trust Inc  NXRT.N  reported a
quarterly
adjusted loss of 35 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of -36 cents.  The mean expectation of
seven analysts for the quarter was for a loss of 27 cents per
share. Wall Street expected results to range from -31 cents
to -19 cents per share.
    * Revenue fell 8.2% to $64.10 million from a year ago;
analysts
expected $64.08 million. 
    * NexPoint Residential Trust Inc's reported EPS for the
quarter
was a loss of 35 cents​.
    * The company reported a quarterly loss of $8.85 million.
    * NexPoint Residential Trust Inc shares had fallen by 2.3%
this
quarter and gained 24.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen 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," 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 47.50 
This summary was machine generated from LSEG data October 29 at
02:21 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
 Jan. 1 0001       0.65           0.60           Missed
 Jun. 30 2024                     0.62           
 Mar. 31 2024                     0.72           
 Dec. 31 2023      0.71           0.68           Missed