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NNN REIT (NNN) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended December 2023, NNN REIT (NNN - Free Report) reported revenue of $215.18 million, up 8.6% over the same period last year. EPS came in at $0.82, compared to $0.50 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $208.04 million, representing a surprise of +3.43%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.82.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how NNN REIT performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Rental income: $215.18 million compared to the $207.60 million average estimate based on three analysts. The reported number represents a change of +8.6% year over year.
Revenues- Interest and other income from real estate transactions: $1.05 million compared to the $0.40 million average estimate based on two analysts. The reported number represents a change of +247.5% year over year.
Net Earnings Per Share (Diluted): $0.53 versus the three-analyst average estimate of $0.48.
Shares of NNN REIT have returned -6.8% over the past month versus the Zacks S&P 500 composite's +6.5% 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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NNN REIT (NNN) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended December 2023, NNN REIT (NNN - Free Report) reported revenue of $215.18 million, up 8.6% over the same period last year. EPS came in at $0.82, compared to $0.50 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $208.04 million, representing a surprise of +3.43%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.82.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how NNN REIT performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Rental income: $215.18 million compared to the $207.60 million average estimate based on three analysts. The reported number represents a change of +8.6% year over year.
- Revenues- Interest and other income from real estate transactions: $1.05 million compared to the $0.40 million average estimate based on two analysts. The reported number represents a change of +247.5% year over year.
- Net Earnings Per Share (Diluted): $0.53 versus the three-analyst average estimate of $0.48.
View all Key Company Metrics for NNN REIT here>>>Shares of NNN REIT have returned -6.8% over the past month versus the Zacks S&P 500 composite's +6.5% 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.