CORRECTION: NexPoint Real Estate On Thursday Reported Q2 Adj. EPS $0.46, Inline, Sales $4.21M Miss $17.50M Estimate
Portfolio Pulse from Bill Haddad
NexPoint Real Estate (NYSE:NREF) reported Q2 adjusted EPS of $0.46, in line with analyst estimates, but a 17.86% decrease from the same period last year. The company's quarterly sales of $4.21 million missed the consensus estimate of $17.50 million by 75.97%, marking a 50.61% decrease from last year's same period.
July 28, 2023 | 11:28 am
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NexPoint Real Estate's Q2 earnings met expectations but sales significantly missed estimates and both were down YoY.
NexPoint Real Estate's earnings were in line with estimates, which is positive. However, the company's sales missed estimates by a significant margin and both earnings and sales were down compared to the same period last year. This could negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100