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What Makes Shoals Technologies Group (SHLS) a Strong Momentum Stock: Buy Now?
ZACKS· 2025-08-28 17:00
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...
Nextracker (NXT) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2025-07-08 22:46
Company Performance - Nextracker (NXT) closed at $63.94, reflecting a -3.78% change from the previous day, underperforming the S&P 500's daily loss of 0.07% [1] - The stock has increased by 12.59% over the past month, outperforming the Oils-Energy sector's gain of 3.17% and the S&P 500's gain of 3.94% [1] Upcoming Earnings - Nextracker's projected earnings per share (EPS) for the upcoming earnings disclosure is $1.03, indicating a 10.75% increase from the same quarter last year [2] - The Zacks Consensus Estimate for revenue is $867.15 million, representing a 20.45% increase from the year-ago period [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates forecast earnings of $3.87 per share and revenue of $3.33 billion, showing changes of -8.29% and +12.56%, respectively, compared to the previous year [3] Analyst Estimates - Recent changes to analyst estimates for Nextracker reflect evolving short-term business trends, with upward revisions indicating analysts' positivity towards the company's operations [4] Zacks Rank and Valuation - Nextracker currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate moving 0.07% higher over the last 30 days [6] - The company has a Forward P/E ratio of 17.19, which is lower than the industry average of 17.43, indicating it is trading at a discount [7] - Nextracker's PEG ratio stands at 1.44, compared to the Solar industry's average PEG ratio of 0.65 [7] Industry Overview - The Solar industry is part of the Oils-Energy sector, which has a Zacks Industry Rank of 36, placing it in the top 15% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]
Nextracker (NXT) Laps the Stock Market: Here's Why
ZACKS· 2025-06-26 22:46
Company Performance - Nextracker (NXT) stock increased by 1.65% to $58.51, outperforming the S&P 500 which gained 0.8% [1] - Over the past month, NXT shares rose by 3.51%, lagging behind the Oils-Energy sector's 3.8% gain and the S&P 500's 5.12% increase [1] Upcoming Financial Results - Nextracker is expected to report earnings of $1.03 per share, reflecting a year-over-year growth of 10.75% [2] - Projected revenue for the upcoming release is $867.15 million, indicating a 20.45% increase from the same quarter last year [2] Full-Year Estimates - Zacks Consensus Estimates forecast earnings of $3.87 per share and revenue of $3.33 billion for Nextracker, representing year-over-year changes of -8.29% and +12.56% respectively [3] - Recent analyst estimate revisions are important as they reflect near-term business trends and indicate analysts' optimism regarding Nextracker's operations [3] Zacks Rank and Valuation - Nextracker currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate having increased by 0.31% over the last 30 days [5] - The company has a Forward P/E ratio of 14.89, which aligns with its industry's Forward P/E of 14.89, and a PEG ratio of 1.25, compared to the Solar industry's average PEG ratio of 0.52 [6] Industry Context - The Solar industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 147, placing it in the bottom 41% of over 250 industries [7] - Research indicates that industries in the top 50% outperform those in the bottom half by a factor of 2 to 1 [7]
Nextracker (NXT) Surpasses Q4 Earnings and Revenue Estimates
ZACKS· 2025-05-14 22:26
Group 1: Earnings Performance - Nextracker reported quarterly earnings of $1.29 per share, exceeding the Zacks Consensus Estimate of $0.98 per share, and up from $0.96 per share a year ago, representing an earnings surprise of 31.63% [1] - The company posted revenues of $924.34 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 11.60%, compared to year-ago revenues of $736.52 million [2] - Nextracker has surpassed consensus EPS estimates for four consecutive quarters [2] Group 2: Stock Performance and Outlook - Nextracker shares have increased approximately 48.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 0.1% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is $0.95 on revenues of $762.26 million, and for the current fiscal year, it is $3.85 on revenues of $3.17 billion [7] Group 3: Industry Context - The solar industry, to which Nextracker belongs, is currently ranked in the bottom 24% of over 250 Zacks industries, indicating potential challenges ahead [8] - Another company in the same industry, Canadian Solar, is expected to report a quarterly loss of $1.50 per share, reflecting a significant year-over-year decline of 889.5% [9] - Canadian Solar's anticipated revenues are projected to be $1.09 billion, down 18.1% from the previous year [10]
Shoals Technologies Group (SHLS) Lags Q1 Earnings Estimates
ZACKS· 2025-05-06 13:25
Group 1: Earnings Performance - Shoals Technologies Group reported quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.04 per share, and down from $0.07 per share a year ago, representing an earnings surprise of -25% [1] - The company posted revenues of $80.63 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 9.19%, but down from $90.81 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates just once, while it has topped consensus revenue estimates four times [2] Group 2: Stock Performance and Outlook - Shoals Technologies shares have lost about 32% since the beginning of the year, compared to the S&P 500's decline of -3.9% [3] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the coming quarter at $0.07 on revenues of $95.36 million, and $0.36 on revenues of $418.46 million for the current fiscal year [7] - The Zacks Industry Rank indicates that the Solar industry is currently in the bottom 18% of over 250 Zacks industries, which may impact stock performance [8] Group 3: Future Earnings Expectations - The sustainability of the stock's immediate price movement will depend on management's commentary on the earnings call and future earnings expectations [3][4] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The current status of estimate revisions translates into a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6]