Netstreit Corp reports results for the quarter ended December 31 - Earnings Summary

• Netstreit Corp NTST.N reported a quarterly adjusted loss of 7 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of six analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from -2 cents to 8 cents per share.

• Revenue rose 19.6% to $44.10 million from a year ago; analysts expected $41.04 million.

• Netstreit Corp's reported EPS for the quarter was a loss of 7 cents​.

• The company reported a quarterly loss of $5.4 million.

• Netstreit Corp shares had risen by 1.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the commercial reits peer group is also "buy"

Wall Street's median 12-month price target for Netstreit Corp is $18.00

This summary was machine generated from LSEG data February 25 at 02:45 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)