Nextracker (NASDAQ:NXT) Releases FY 2025 Earnings Guidance

by · The Cerbat Gem

Nextracker (NASDAQ:NXT – Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.100-3.300 for the period, compared to the consensus estimate of 3.100. The company issued revenue guidance of $2.8 billion-$2.9 billion, compared to the consensus revenue estimate of $2.9 billion. Nextracker also updated its FY25 guidance to $3.10-$3.30 EPS.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NXT. Truist Financial reduced their target price on shares of Nextracker from $65.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Barclays reduced their target price on shares of Nextracker from $61.00 to $47.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Guggenheim reduced their target price on shares of Nextracker from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Roth Mkm cut their price target on shares of Nextracker from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Nextracker from $62.00 to $58.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.35.

View Our Latest Stock Report on Nextracker

Nextracker Stock Performance

NASDAQ NXT traded down $0.36 during trading on Wednesday, hitting $31.97. 5,482,398 shares of the company’s stock traded hands, compared to its average volume of 3,716,630. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 8.58 and a beta of 2.47. Nextracker has a 12-month low of $30.93 and a 12-month high of $62.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.91 and a current ratio of 2.11. The business has a 50 day moving average of $36.30 and a 200-day moving average of $43.75.

Nextracker (NASDAQ:NXT – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.27. Nextracker had a negative return on equity of 36.33% and a net margin of 14.87%. The firm had revenue of $719.92 million for the quarter, compared to analysts’ expectations of $616.71 million. During the same period in the prior year, the business posted $0.48 earnings per share. The company’s revenue was up 50.1% on a year-over-year basis. As a group, equities research analysts anticipate that Nextracker will post 2.52 earnings per share for the current fiscal year.

Nextracker Company Profile

(Get Free Report)

Nextracker Inc, an energy solutions company, provides solar tracker and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.

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