NexPoint Residential Trust Inc. (NXRT) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - NexPoint Residential Trust Inc. reported $64.1 million in revenue for Q3 2024, reflecting an 8.2% year-over-year decline and an EPS of $0.79 compared to $1.28 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $64.69 million, resulting in a surprise of -0.92%, while the EPS exceeded the consensus estimate of $0.76 by 3.95% [1] Revenue Breakdown - Rental income was reported at $62.31 million, slightly below the average estimate of $62.53 million from two analysts, marking an 8.2% decrease year-over-year [3] - Other income amounted to $1.78 million, compared to the estimated $1.89 million, representing a 9.4% decline from the previous year [3] Earnings Performance - The diluted net earnings per share were reported at -$0.35, which was worse than the estimated -$0.26 from four analysts [3] Stock Performance - Over the past month, shares of NexPoint Residential Trust Inc. have returned -2.3%, contrasting with the Zacks S&P 500 composite's +1.7% change [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]