Nextracker Inc reports results for the quarter ended December 31 - Earnings Summary

Nextpower

28/01/2025 22:02

* Nextracker Inc  NXT.OQ  reported quarterly adjusted
earnings of
$1.03​​ per share for the quarter ended December 31, higher than
the same quarter last year, when the company reported EPS of 96
cents.  The mean expectation of twenty three analysts for the
quarter was for earnings of 59 cents per share. Wall Street
expected results to range from 49 cents to 82 cents per share.
    * Revenue fell 4.4% to $679.36 million from a year ago;
analysts
expected $650.69 million. 
    * Nextracker Inc's reported EPS for the quarter was 79
cents​.
    * The company reported quarterly net income of $115.28
million.
    * Nextracker Inc shares had risen by 8.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 22 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the renewable
energy
equipment & services peer group is also "buy"

Wall Street's median 12-month price target for Nextracker Inc is
$52.00 
This summary was machine generated from LSEG data January 28 at
10:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.59           1.03           Beat
 Sep. 30 2024      0.61           0.97           Beat
 Jun. 30 2024      0.65           0.93           Beat
 Mar. 31 2024      0.78           0.96           Beat