NexPoint Real Estate Q2 Adj $0.49 Beats $0.46 Estimate, Sales $4.21M Miss $17.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
NexPoint Real Estate (NYSE:NREF) reported Q2 earnings of $0.49 per share, beating the analyst consensus estimate of $0.46 by 6.52%. However, this is a 12.5% decrease from the same period last year. The company's quarterly sales of $4.21 million missed the analyst consensus estimate of $17.50 million by 75.97%, marking a 50.61% decrease from the same period last year.
July 27, 2023 | 12:37 pm
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NexPoint Real Estate's Q2 earnings beat estimates but sales significantly missed expectations and decreased from the same period last year.
NexPoint Real Estate's earnings beat estimates, which is a positive signal. However, the significant miss on sales and the decrease in both earnings and sales from the same period last year could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100