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Nextracker (NXT) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest trading session, Nextracker (NXT - Free Report) closed at $62.95, marking a +1.37% move from the previous day. This change outpaced the S&P 500's 0.78% gain on the day. On the other hand, the Dow registered a gain of 1.14%, and the technology-centric Nasdaq increased by 0.61%.
Shares of the solar energy equipment supplier have appreciated by 8.45% over the course of the past month, outperforming the Oils-Energy sector's loss of 3.19%, and the S&P 500's gain of 5.88%.
Market participants will be closely following the financial results of Nextracker in its upcoming release. The company plans to announce its earnings on July 29, 2025. The company's upcoming EPS is projected at $1.04, signifying a 11.83% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $853.36 million, up 18.54% from the year-ago period.
NXT's full-year Zacks Consensus Estimates are calling for earnings of $3.89 per share and revenue of $3.31 billion. These results would represent year-over-year changes of -7.82% and +11.95%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Nextracker. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.75% higher. Nextracker is currently sporting a Zacks Rank of #2 (Buy).
From a valuation perspective, Nextracker is currently exchanging hands at a Forward P/E ratio of 15.98. This signifies a discount in comparison to the average Forward P/E of 16.96 for its industry.
It is also worth noting that NXT currently has a PEG ratio of 1.34. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Solar industry held an average PEG ratio of 0.6.
The Solar industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 93, finds itself in the top 38% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Nextracker (NXT) Surpasses Market Returns: Some Facts Worth Knowing
In the latest trading session, Nextracker (NXT - Free Report) closed at $62.95, marking a +1.37% move from the previous day. This change outpaced the S&P 500's 0.78% gain on the day. On the other hand, the Dow registered a gain of 1.14%, and the technology-centric Nasdaq increased by 0.61%.
Shares of the solar energy equipment supplier have appreciated by 8.45% over the course of the past month, outperforming the Oils-Energy sector's loss of 3.19%, and the S&P 500's gain of 5.88%.
Market participants will be closely following the financial results of Nextracker in its upcoming release. The company plans to announce its earnings on July 29, 2025. The company's upcoming EPS is projected at $1.04, signifying a 11.83% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $853.36 million, up 18.54% from the year-ago period.
NXT's full-year Zacks Consensus Estimates are calling for earnings of $3.89 per share and revenue of $3.31 billion. These results would represent year-over-year changes of -7.82% and +11.95%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Nextracker. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.75% higher. Nextracker is currently sporting a Zacks Rank of #2 (Buy).
From a valuation perspective, Nextracker is currently exchanging hands at a Forward P/E ratio of 15.98. This signifies a discount in comparison to the average Forward P/E of 16.96 for its industry.
It is also worth noting that NXT currently has a PEG ratio of 1.34. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Solar industry held an average PEG ratio of 0.6.
The Solar industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 93, finds itself in the top 38% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.