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Compared to Estimates, NETSTREIT (NTST) Q3 Earnings: A Look at Key Metrics

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NETSTREIT (NTST - Free Report) reported $33.96 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 35.8%. EPS of $0.31 for the same period compares to $0.03 a year ago.

The reported revenue represents a surprise of +5.41% over the Zacks Consensus Estimate of $32.22 million. With the consensus EPS estimate being $0.31, the company has not delivered EPS surprise.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how NETSTREIT performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenues- Interest income on loans receivable: $2.24 million versus the two-analyst average estimate of $1.98 million.
  • Revenues- Rental revenue (including reimbursable): $31.17 million versus $30.80 million estimated by two analysts on average.
  • Net Earnings Per Share (Diluted): $0.06 versus the three-analyst average estimate of $0.05.
View all Key Company Metrics for NETSTREIT here>>>

Shares of NETSTREIT have returned -11.7% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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