Will Nextracker (NXT) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Nextracker (NXT) is positioned well to continue its trend of beating earnings estimates, making it a stock worth considering for investors [1]. Group 1: Earnings Performance - Nextracker has a strong history of surpassing earnings estimates, averaging a 46.24% beat over the last two quarters [2]. - In the most recent quarter, Nextracker reported earnings of $0.97 per share, exceeding the expected $0.64 per share by a surprise of 51.56% [3]. - For the previous quarter, the company reported $0.93 per share against an estimate of $0.66 per share, resulting in a surprise of 40.91% [3]. Group 2: Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Nextracker, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of another earnings beat [4]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [5]. - Nextracker currently has an Earnings ESP of +12.50%, suggesting analysts are optimistic about the company's earnings prospects [7]. Group 3: Earnings Release Information - The next earnings report for Nextracker is expected to be released on January 28, 2025 [7].