Nextracker (NXT) to Release Earnings on Wednesday

Nextracker (NASDAQ:NXT) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.66 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 wish to register for the company’s earnings conference call can do so using this link.

Nextracker (NASDAQ:NXT) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.27. The firm had revenue of $719.92 million during the quarter, compared to the consensus estimate of $616.71 million. Nextracker had a net margin of 14.87% and a negative return on equity of 36.33%. The business’s revenue for the quarter was up 50.1% compared to the same quarter last year. During the same period last year, the business 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 Price Performance

Shares of NASDAQ NXT opened at $32.05 on Wednesday. The firm has a market cap of $4.66 billion, a P/E ratio of 8.50 and a beta of 2.47. The business’s 50 day moving average is $37.04 and its 200-day moving average is $44.38. The company has a current ratio of 2.11, a quick ratio of 1.91 and a debt-to-equity ratio of 0.13. Nextracker has a 1-year low of $31.79 and a 1-year high of $62.31.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NXT. Susquehanna reduced their target price on shares of Nextracker from $59.00 to $50.00 and set a “positive” rating for the company in a research report on Wednesday, October 16th. Roth Mkm decreased their target price on shares of Nextracker from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $55.00 target price on shares of Nextracker in a report on Friday, August 2nd. 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. Finally, Truist Financial dropped their price objective on Nextracker from $65.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Nextracker currently has an average rating of “Moderate Buy” and an average price target 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.