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Why Nextracker (NXT) Could Beat Earnings Estimates Again
Zacks Investment Research· 2024-05-10 17:11
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Nextracker (NXT) , which belongs to the Zacks Solar industry, could be a great candidate to consider.This solar energy equipment supplier has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 93.55%.For the last reported quarter, ...
Is a Surprise Coming for Nextracker (NXT) This Earnings Season?
Zacks Investment Research· 2024-05-10 14:01
Investors are always looking for stocks that are poised to beat at earnings season and Nextracker Inc. (NXT) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Nextracker is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good ind ...
Nextracker (NXT) Stock Declines While Market Improves: Some Information for Investors
Zacks Investment Research· 2024-05-07 22:51
In the latest trading session, Nextracker (NXT) closed at $46.02, marking a -1.86% move from the previous day. This move lagged the S&P 500's daily gain of 0.13%. At the same time, the Dow added 0.08%, and the tech-heavy Nasdaq lost 0.1%.The the stock of solar energy equipment supplier has fallen by 8.04% in the past month, lagging the Oils-Energy sector's loss of 3.47% and the S&P 500's loss of 0.35%.Analysts and investors alike will be keeping a close eye on the performance of Nextracker in its upcoming e ...
Nextracker (NXT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Zacks Investment Research· 2024-05-07 15:01
Wall Street expects a year-over-year increase in earnings on higher revenues when Nextracker (NXT) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 14. On the ...
Nextracker (NXT) Ascends While Market Falls: Some Facts to Note
Zacks Investment Research· 2024-05-01 22:51
The most recent trading session ended with Nextracker (NXT) standing at $42.87, reflecting a +0.19% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.34%. At the same time, the Dow added 0.23%, and the tech-heavy Nasdaq lost 0.33%.The the stock of solar energy equipment supplier has fallen by 18.25% in the past month, lagging the Oils-Energy sector's gain of 0.17% and the S&P 500's loss of 4.05%.Market participants will be closely followin ...
Should You Invest in Nextracker (NXT) Based on Bullish Wall Street Views?
Zacks Investment Research· 2024-04-30 14:31
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Nextracker (NXT) .Nextracker currently has an average brokerage recommendation (ABR) of 1.38, o ...
Nextracker (NXT) Stock Slides as Market Rises: Facts to Know Before You Trade
Zacks Investment Research· 2024-04-24 22:51
Nextracker (NXT) ended the recent trading session at $43.88, demonstrating a -1.22% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.02%. Meanwhile, the Dow experienced a drop of 0.11%, and the technology-dominated Nasdaq saw an increase of 0.1%.Coming into today, shares of the solar energy equipment supplier had lost 21.62% in the past month. In that same time, the Oils-Energy sector gained 4.26%, while the S&P 500 lost 3.01%.The investment com ...
Nextracker (NXT) - 2024 Q3 - Quarterly Report
2024-02-07 02:55
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-41617 Nextracker Inc. (Exact name of registrant as specified in its charter) 6200 Paseo Padre Parkway, Fremont, California 9 ...
Nextracker (NXT) - 2024 Q3 - Earnings Call Presentation
2024-02-01 03:48
1 ©2024 NEXTRACKER Q3 FY2024 Earnings Presentation Jan 31, 2024 Cautionary Note About Forward-Looking Statements This presentation is made by Nextracker Inc. (the "Company") and contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve substantial risks and uncertainties. All statements other than historical factual information are forward-looking statements, including with ...
Nextracker (NXT) - 2024 Q3 - Earnings Call Transcript
2024-02-01 03:48
Thank you, Dan. Q3 was another successful quarter delivering multiple proof points that our products are differentiated and our team continues to execute on fulfilling customer requirements. It's been an amazing journey as we have scaled Nextracker's revenue to over $700 million this quarter. In just a short two year span, we've more than doubled our quarterly revenue while increasing profitability. Our proactive investments are paying off. We have invested in innovation, increasing our technology lead. We ...