Key Highlights:
- Nextracker (NXT, Financial) is expected to announce its Q4 earnings with promising growth in both earnings per share and revenue.
- Analysts maintain a positive outlook, projecting continued growth and providing an "Outperform" rating.
- The stock's forecast indicates potential for slight upside from its current trading price.
Nextracker (NXT) Q4 Earnings Preview
Nextracker (NXT) is gearing up to release its fourth-quarter earnings report on May 14th, following the market close. Investors are attentive as analysts forecast an earnings per share (EPS) of $0.98. This represents a 2.1% growth compared to the same period last year. Furthermore, revenue is anticipated to reach $828.84 million, marking a 12.5% increase year-over-year. Impressively, Nextracker has consistently surpassed EPS and revenue projections over the past year, demonstrating robust financial performance.
Wall Street's Take on Nextracker
According to insights from 26 financial analysts, the average price target for NEXTracker Inc (NXT, Financial) is set at $54.99. This includes projections ranging from a high of $69.00 to a low of $37.81. With the current stock price at $54.09, the average target suggests a potential upside of 1.67%. For more extensive estimate details, visit the NEXTracker Inc (NXT) Forecast page.
Brokerage Recommendations Signal Favorable Prospects
The consensus among 28 brokerage firms rates NEXTracker Inc's (NXT, Financial) stock at an average recommendation of 2.0, which indicates an "Outperform" status. This rating scale runs from 1, indicating a Strong Buy, to 5, reflecting a Sell. This consensus underscores a positive sentiment towards Nextracker, affirming its potential to deliver value to investors in the coming quarters.
