Nextracker (NXT) to Release Earnings on Wednesday

Nextracker (NASDAQ:NXT) is set to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Nextracker to post 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.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

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

Nextracker Trading Up 3.5 %

NXT opened at $32.56 on Tuesday. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 8.64 and a beta of 2.47. The stock’s 50 day moving average price is $36.45 and its 200-day moving average price is $43.85. Nextracker has a one year low of $30.93 and a one year high of $62.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.91 and a current ratio of 2.11.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $55.00 target price on shares of Nextracker in a research note on Friday, August 2nd. Truist Financial cut their target price on Nextracker from $65.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Roth Mkm dropped their price objective on Nextracker from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Guggenheim dropped their price objective on Nextracker from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Finally, Bank of America increased their price objective on Nextracker from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to 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.