NexPoint (NREF) Q2 Earnings Match Estimates

Core Viewpoint - NexPoint (NREF) reported quarterly earnings of $0.43 per share, matching the Zacks Consensus Estimate, but down from $0.68 per share a year ago [1] - The company posted revenues of $12.07 million for the quarter, exceeding the Zacks Consensus Estimate by 20.45%, and up from $6.74 million year-over-year [2] Earnings Performance - The earnings surprise for the previous quarter was -10.87%, with actual earnings of $0.41 per share compared to an expected $0.46 [1] - Over the last four quarters, NexPoint has surpassed consensus EPS estimates two times [1] Revenue Performance - NexPoint has topped consensus revenue estimates four times over the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is $0.50 on revenues of $10.16 million, and for the current fiscal year, it is $1.86 on revenues of $41.99 million [7] Stock Performance - NexPoint shares have declined approximately 8.6% since the beginning of the year, while the S&P 500 has gained 8.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Outlook - The REIT and Equity Trust industry is currently in the top 23% of over 250 Zacks industries, suggesting a favorable outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked using tools like the Zacks Rank [5]