NexPoint Residential Q2 Core FFO Per Share $0.77 Vs $0.78 Prior Year, Sales $69.60M Miss $69.83M Estimate
Portfolio Pulse from Benzinga Newsdesk
NexPoint Residential (NYSE:NXRT) reported Q2 earnings of $0.77 per share, slightly down from $0.78 per share last year. The company's quarterly sales were $69.60 million, missing the analyst consensus estimate of $69.83 million by 0.33 percent, but showing a 5.78 percent increase over sales of $65.80 million the same period last year.
July 25, 2023 | 12:18 pm
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NEUTRAL IMPACT
NexPoint Residential's Q2 earnings per share are slightly down YoY, and sales missed estimates but increased YoY.
NexPoint Residential's earnings per share are slightly down compared to the same period last year, which could negatively impact the stock. However, the company's sales missed estimates, but they increased compared to the same period last year, which could have a positive impact. Therefore, the overall short-term impact on the stock is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100