NexPoint Residential Q2 2024 FFO $0.68 Beats $0.64 Estimate, Sales $64.200M Miss $64.750M Estimate
Portfolio Pulse from Benzinga Newsdesk
NexPoint Residential (NYSE:NXRT) reported Q2 2024 earnings per share (EPS) of $0.68, beating the analyst estimate of $0.64. However, the company's sales of $64.2 million missed the estimate of $64.75 million and were down 7.76% from the same period last year.
July 30, 2024 | 12:17 pm
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NexPoint Residential (NYSE:NXRT) reported Q2 2024 EPS of $0.68, beating the analyst estimate of $0.64. However, sales of $64.2 million missed the estimate of $64.75 million and were down 7.76% from the same period last year.
The earnings beat is a positive sign, but the sales miss and year-over-year decline in revenue are concerning. This mixed result is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100