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

Nextpower

31/01/2024 23:43

* Nextracker Inc  NXT.OQ  reported quarterly adjusted
earnings of
96 cents​​ per share for the quarter ended in December.  The
mean expectation of eighteen analysts for the quarter was
for earnings of 48 cents per share. Wall Street expected
results to range from 41 cents to 57 cents per share.
    * Revenue was $710.43 million​; analysts expected $619.16
million. 
    * Nextracker Inc's reported EPS for the quarter was 87
cents​.
    * The company reported quarterly net income of $41.4
million.
    * Nextracker Inc shares had fallen by 3.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.1%
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 20 "strong buy" or "buy," 3
"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
$54.00 
This summary was machine generated from LSEG data January 31 at
11:42 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 2023      0.48           0.96           Beat
 Sep. 30 2023      0.36           0.65           Beat
 Jun. 30 2023      0.29           0.48           Beat
 Mar. 31 2023      0.31           0.38           Beat