Nextracker Inc expected to post earnings of 78 cents a share - Earnings Preview

Nextpower

10/05/2024 21:13

* Nextracker Inc  NXT.OQ   NXT.O  is expected to show a rise
in
quarterly revenue when it reports  results on May 14 for the
period ending March 31 2024
    * The Fremont California-based  company is expected to
report a
31.5% increase in revenue to $681.932 million from $518.4
million a year ago, according to the mean estimate from 21
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Nextracker Inc is for
earnings
of 78 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 21 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Nextracker
Inc is
$64.50​, above​ its last closing price of $43.20. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.50        0.48       0.96      Beat    99.1
 Sep. 30 2023  0.36        0.36       0.65      Beat    79.8
 Jun. 30 2023  0.30        0.29       0.48      Beat    63.6​
 Mar. 31 2023  0.31        0.31       0.38      Beat    22.7
 ​​                                                     
                                                        ​
 This summary was machine generated May 10 at 20:13 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)