We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Nextracker (NXT) Registers a Bigger Fall Than the Market: Important Facts to Note
Read MoreHide Full Article
In the latest trading session, Nextracker (NXT - Free Report) closed at $116.54, marking a -4.93% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.49% for the day. Elsewhere, the Dow lost 0.05%, while the tech-heavy Nasdaq lost 0.9%.
Shares of the solar energy equipment supplier witnessed a gain of 8.95% over the previous month, beating the performance of the Oils-Energy sector with its loss of 4.6%, and underperforming the S&P 500's gain of 12.8%.
The investment community will be closely monitoring the performance of Nextracker in its forthcoming earnings report. The company is scheduled to release its earnings on May 12, 2026. The company is predicted to post an EPS of $0.89, indicating a 31.01% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $807.33 million, showing a 12.66% drop compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.35 per share and a revenue of $3.51 billion, signifying shifts of +3.08% and +18.59%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Nextracker. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Nextracker is carrying a Zacks Rank of #2 (Buy).
With respect to valuation, Nextracker is currently being traded at a Forward P/E ratio of 26.68. Its industry sports an average Forward P/E of 17.37, so one might conclude that Nextracker is trading at a premium comparatively.
It is also worth noting that NXT currently has a PEG ratio of 4.85. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Solar industry currently had an average PEG ratio of 0.9 as of yesterday's close.
The Solar industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 171, positioning it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NXT in the coming trading sessions, be sure to utilize Zacks.com.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Nextracker (NXT) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest trading session, Nextracker (NXT - Free Report) closed at $116.54, marking a -4.93% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.49% for the day. Elsewhere, the Dow lost 0.05%, while the tech-heavy Nasdaq lost 0.9%.
Shares of the solar energy equipment supplier witnessed a gain of 8.95% over the previous month, beating the performance of the Oils-Energy sector with its loss of 4.6%, and underperforming the S&P 500's gain of 12.8%.
The investment community will be closely monitoring the performance of Nextracker in its forthcoming earnings report. The company is scheduled to release its earnings on May 12, 2026. The company is predicted to post an EPS of $0.89, indicating a 31.01% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $807.33 million, showing a 12.66% drop compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.35 per share and a revenue of $3.51 billion, signifying shifts of +3.08% and +18.59%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Nextracker. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Nextracker is carrying a Zacks Rank of #2 (Buy).
With respect to valuation, Nextracker is currently being traded at a Forward P/E ratio of 26.68. Its industry sports an average Forward P/E of 17.37, so one might conclude that Nextracker is trading at a premium comparatively.
It is also worth noting that NXT currently has a PEG ratio of 4.85. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Solar industry currently had an average PEG ratio of 0.9 as of yesterday's close.
The Solar industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 171, positioning it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NXT in the coming trading sessions, be sure to utilize Zacks.com.