NexPoint Real Estate Q2 2024 Adj. EPS $0.68 Beats $0.45 Estimate, Sales $6.740M Miss $18.167M Estimate
Portfolio Pulse from Benzinga Newsdesk
NexPoint Real Estate (NYSE:NREF) reported Q2 2024 adjusted EPS of $0.68, beating the $0.45 estimate by 51.11%. However, sales of $6.740M missed the $18.167M estimate by 62.90%, though it represents a 60.29% increase from the same period last year.
August 01, 2024 | 12:23 pm
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NexPoint Real Estate (NYSE:NREF) reported Q2 2024 adjusted EPS of $0.68, beating the $0.45 estimate by 51.11%. However, sales of $6.740M missed the $18.167M estimate by 62.90%, though it represents a 60.29% increase from the same period last year.
While the EPS beat is a positive indicator, the significant miss on sales could raise concerns about the company's revenue generation capabilities. The YoY sales increase is a positive sign, but the market may react neutrally in the short term due to mixed signals.
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