Nextracker (NXT) Scheduled to Post Quarterly Earnings on Wednesday

Nextracker (NASDAQ:NXT) is set to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.64 per share for the quarter. Nextracker has set its FY25 guidance at $2.89-3.09 EPS and its FY 2025 guidance at 2.890-3.090 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Nextracker (NASDAQ:NXT) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.27. Nextracker had a negative return on equity of 36.33% and a net margin of 14.87%. The business had revenue of $719.92 million during the quarter, compared to analyst estimates of $616.71 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. Nextracker’s revenue for the quarter was up 50.1% on a year-over-year basis. On average, analysts expect Nextracker to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Nextracker Stock Up 0.5 %

NASDAQ NXT opened at $31.46 on Monday. Nextracker has a 52 week low of $30.93 and a 52 week high of $62.31. The company has a quick ratio of 1.91, a current ratio of 2.11 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $4.57 billion, a P/E ratio of 8.34 and a beta of 2.47. The stock’s 50-day moving average price is $36.60 and its 200-day moving average price is $43.97.

Analyst Ratings Changes

A number of research firms have weighed in on NXT. Barclays dropped their price target on shares of Nextracker from $61.00 to $47.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. BMO Capital Markets cut their price target on Nextracker from $56.00 to $44.00 and set a “market perform” rating for the company in a research note on Monday, October 14th. Roth Mkm decreased their price target on Nextracker from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. JPMorgan Chase & Co. cut their target price on Nextracker from $62.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Finally, Jefferies Financial Group initiated coverage on Nextracker in a report on Wednesday, September 4th. They issued a “hold” rating and a $46.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Nextracker presently has a consensus rating of “Moderate Buy” and an average target price of $56.65.

Nextracker Company Profile

Nextracker Inc, an energy solutions company, provides solar tracker and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.