Thursday, February 15, 2024 – Netstreit Corp (NTST) reported upside earnings and revenues today.
Netstreit Corp reported EPS of $0.31. Profits rose 7% year-over-year after reporting an EPS of $0.29 in its year-ago quarter. The positive growth rate signals that the Real Estate company is performing well amid recent economic conditions.
Analyst projections for Netstreit Corp revenue came in at a consensus of $33.9 million. Fourth-Quarter revenues surpassed estimates for $36.9 million by $2.9 million (9%). The company achieved 35% growth year-over-year compared to the firm’s revenue of $27.3 million from the year-ago quarter. The lower earnings growth relative to revenue signals Netstreit Corp has not been able to improve its profit margin.
The stock is up 4.71% to $17.57 after the report.
Netstreit Corp’s revenue expanded at a faster pace than earnings, signaling a decline in profit margins.
The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.
Trading in the five days leading up to the report earned Netstreit Corp a Bearish Sentiment Rank from InvestorsObserver.
Prior to the report, InvestorsObserver gave the stock an overall score of 38. Meanwhile, the average Wall Street analyst rated the stock a Buy.
Netstreit Corp is a real estate company that acquires, owns and manages a diversified portfolio of single-tenant, retail commercial real estate subject to long-term net leases. The majority of the portfolio is comprised of properties leased to tenants operating in the defensive retail industries.