Company Performance - Nextracker (NXT) closed at $73.14, with a +2.51% increase from the previous day, outperforming the S&P 500's daily gain of 0.44% [1] - The stock has risen by 3.75% in the past month, slightly underperforming the S&P 500's gain of 4.03% [1] Upcoming Financial Results - Nextracker's projected earnings per share (EPS) for the upcoming release are $0.98, reflecting a 1.03% increase from the same quarter last year [2] - The consensus estimate for quarterly revenue is $832.73 million, which is up 31.02% from the year-ago period [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at $4.07 per share, representing a -3.55% change from the prior year, while revenue is expected to be $3.33 billion, reflecting a +12.56% increase [3] Analyst Forecast Revisions - Recent revisions to analyst forecasts for Nextracker are important as they reflect short-term business trends, with positive changes indicating analyst optimism [4] Zacks Rank and Valuation - Nextracker currently holds a Zacks Rank of 3 (Hold), with a Forward P/E ratio of 17.55, which is in line with its industry's Forward P/E [6] - The PEG ratio for Nextracker is 1.4, compared to the Solar industry's average PEG ratio of 0.68 [7] Industry Context - The Solar industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 42, placing it in the top 18% of over 250 industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, indicating a strong industry performance [8]
Nextracker (NXT) Beats Stock Market Upswing: What Investors Need to Know