Workflow
NETSTREIT (NTST) Meets Q3 FFO Estimates
NTSTNetSTREIT(NTST) ZACKS·2024-11-05 00:15

分组1 - NETSTREIT reported quarterly funds from operations (FFO) of 0.32pershare,matchingtheZacksConsensusEstimateandshowinganincreasefrom0.32 per share, matching the Zacks Consensus Estimate and showing an increase from 0.31 per share a year ago [1] - The company achieved revenues of 41.44millionforthequarterendedSeptember2024,exceedingtheZacksConsensusEstimateby0.8341.44 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 0.83% and up from 33.96 million year-over-year [2] - NETSTREIT has surpassed consensus FFO estimates three times over the last four quarters, indicating a positive trend in performance [1][2] 分组2 - The stock has underperformed, losing about 14.4% since the beginning of the year, while the S&P 500 has gained 20.1% [3] - The future performance of NETSTREIT's stock will depend on management's commentary during the earnings call and the outlook for FFO [3][4] - The current consensus FFO estimate for the coming quarter is 0.32onrevenuesof0.32 on revenues of 42.44 million, and for the current fiscal year, it is 1.26onrevenuesof1.26 on revenues of 160.77 million [7] 分组3 - The Zacks Industry Rank for REIT and Equity Trust - Other is in the top 27% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in estimate revisions, which can be tracked by investors [5][6]