Nextracker (NXT) Earnings Expected to Grow: Should You Buy?

Core Viewpoint - The market anticipates Nextracker (NXT) will report a year-over-year increase in earnings driven by higher revenues when it releases its quarterly results for the period ending March 2025 [1] Earnings Expectations - Nextracker is expected to report quarterly earnings of $0.98 per share, reflecting a year-over-year increase of 2.1% [3] - Revenue projections stand at $828.26 million, indicating a 12.5% increase from the same quarter last year [3] Estimate Revisions - The consensus EPS estimate has been revised down by 0.51% over the last 30 days, indicating a reassessment by analysts [4] - The Most Accurate Estimate for Nextracker is lower than the Zacks Consensus Estimate, leading to an Earnings ESP of -0.34% [10][11] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with positive readings being more predictive of earnings beats [7][8] - Nextracker's current Zacks Rank is 3, which complicates the prediction of an earnings beat [11] Historical Performance - In the last reported quarter, Nextracker exceeded the expected earnings of $0.59 per share by delivering $1.03, resulting in a surprise of 74.58% [12] - Over the past four quarters, Nextracker has consistently beaten consensus EPS estimates [13] Conclusion - While Nextracker does not appear to be a strong candidate for an earnings beat based on current estimates, other factors should also be considered when evaluating the stock ahead of its earnings release [16]