Analysts Expect NextDecade Co. (NASDAQ:NEXT) to Post -$0.07 Earnings Per Share


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Equities analysts expect NextDecade Co. (NASDAQ:NEXT) to post earnings of ($0.07) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for NextDecade’s earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at ($0.06). NextDecade posted earnings of ($0.02) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 250%. The firm is expected to issue its next earnings report on Monday, May 17th.

According to Zacks, analysts expect that NextDecade will report full year earnings of ($0.30) per share for the current financial year, with EPS estimates ranging from ($0.33) to ($0.22). For the next year, analysts expect that the company will post earnings of ($0.38) per share, with EPS estimates ranging from ($0.45) to ($0.31). Zacks’ earnings per share averages are an average based on a survey of research firms that follow NextDecade.

A number of analysts have issued reports on NEXT shares. Morgan Stanley raised NextDecade from an “underweight” rating to an “equal weight” rating and set a $2.00 target price on the stock in a research report on Thursday, April 1st. Credit Suisse Group raised NextDecade from a “neutral” rating to an “outperform” rating and set a $3.00 price objective on the stock in a research report on Tuesday, March 30th. Finally, Zacks Investment Research raised NextDecade from a “sell” rating to a “hold” rating in a research report on Tuesday, March 23rd.

NASDAQ NEXT traded down $0.09 on Thursday, reaching $2.23. The stock had a trading volume of 363,403 shares, compared to its average volume of 938,638. NextDecade has a 12-month low of $1.12 and a 12-month high of $5.11. The stock has a fifty day moving average price of $2.17 and a two-hundred day moving average price of $2.39.

Several institutional investors have recently bought and sold shares of NEXT. BlackRock Inc. increased its position in shares of NextDecade by 32.4% during the third quarter. BlackRock Inc. now owns 1,377,420 shares of the company’s stock worth $4,105,000 after acquiring an additional 337,079 shares during the period. State Street Corp grew its stake in shares of NextDecade by 4.1% during the third quarter. State Street Corp now owns 348,164 shares of the company’s stock worth $1,038,000 after purchasing an additional 13,569 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of NextDecade by 706.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 561,989 shares of the company’s stock worth $1,675,000 after purchasing an additional 492,311 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of NextDecade during the third quarter worth $85,000. Finally, California State Teachers Retirement System grew its stake in shares of NextDecade by 63.8% during the third quarter. California State Teachers Retirement System now owns 31,775 shares of the company’s stock worth $95,000 after purchasing an additional 12,382 shares in the last quarter. 78.96% of the stock is currently owned by institutional investors and hedge funds.

About NextDecade

NextDecade Corporation, a liquefied natural gas (LNG) development company, engages in the development activities related to the liquefaction and sale of LNG. It focusses on the development activities of Rio Grande LNG terminal facility located in the Port of Brownsville, southern Texas. The company is headquartered in Houston, Texas.

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