NexPoint Residential Q4 2023 FFO $0.66 Misses $0.71 Estimate, Sales $68.89M Beat $68.41M Estimate
Portfolio Pulse from Benzinga Newsdesk
NexPoint Residential (NXRT) reported Q4 2023 FFO of $0.66 per share, missing the $0.71 estimate, but sales of $68.89M exceeded the $68.41M forecast. This represents a slight decrease in sales compared to the same period last year.
February 20, 2024 | 1:22 pm
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NEUTRAL IMPACT
NexPoint Residential's Q4 2023 earnings missed EPS estimates but beat sales forecasts, with a minor decrease in sales year-over-year.
The miss in FFO per share estimates could negatively impact investor sentiment, but the beat on sales forecasts and only a slight decrease in sales year-over-year might mitigate the negative impact. Overall, the mixed results lead to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100