On Tuesday 29th October 2024, investors and market participants can expect the release of NexPoint Residential Trust (NYSE: NXRT) third quarter financial results. This crucial announcement will be made before market open.
According to predictions from financial analysts on Wall Street, the establishment is expected to report an estimated per share $0.27 loss for the quarter. Furthermore, the company is anticipated to unveil a total revenue of $64.08 million during this period.
The company's full-year performance has been analyzed by wall street analysts, who have shared their projections. According to the analysis, it is expected that the company will generate a total revenue of $260.04 million. Additionally, the earnings per share for the company are also anticipated to reach profit of $0.92 over the course of the fiscal year.
Looking back at the corresponding quarter from the previous year, the company's earnings report revealed a per-share income of $0.65. This notable figure was attributed to the company's total revenue, which settled at an impressive $69.84 million during that specific quarter.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.68 | -11.7% | 64.20 M | -7.8% |
| Q1 2024 | $0.75 | +5.6% | 67.60 M | -2.3% |
| Q4 2023 | $0.66 | -12.0% | 68.89 M | -0.7% |
| Q3 2023 | $0.65 | -23.5% | 69.84 M | +2.6% |
| Q2 2023 | $0.77 | -2.5% | 69.60 M | +5.8% |
| *Growth on year-over-year basis | ||||
NXRT has scheduled a conference call on 29th October 2024 at 11:00 AM eastern time to discuss the third quarter financial results and other related information.
During Friday's trading, NexPoint Residential Trust (NXRT) shares reached a low of $43.13 and a high of $44.27, along with a total volume of 67.40 thousand shares. The stock ended the regular trading session at $43.19, marking fall of 1.66 percent.
