Netstreit Corp reports results for the quarter ended September 30 - Earnings Summary

• Netstreit Corp NTST reported quarterly adjusted earnings of 1 cent​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -7 cents. The mean expectation of seven analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from 5 cents to 8 cents per share.

• Revenue rose 16.6% to $48.31 million from a year ago; analysts expected $46.22 million.

• Netstreit Corp's reported EPS for the quarter was 1 cent​.

• The company reported quarterly net income of $618 thousand.

• Netstreit Corp shares had risen by 6.6% this quarter and gained 36.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 4 "hold" and no "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 $20.00, about 2.3% above its last closing price of $19.54

This summary was machine generated from LSEG data October 28 at 12:08 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)