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.
Nextpower (NXT) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Read MoreHide Full Article
Nextpower (NXT - Free Report) closed at $120.64 in the latest trading session, marking a -6.53% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 1.44%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 2.22%.
The stock of solar energy equipment supplier has fallen by 1.1% in the past month, leading the Oils-Energy sector's loss of 7.14% and undershooting the S&P 500's gain of 0.08%.
Analysts and investors alike will be keeping a close eye on the performance of Nextpower in its upcoming earnings disclosure. On that day, Nextpower is projected to report earnings of $1.03 per share, which would represent a year-over-year decline of 11.21%. Meanwhile, our latest consensus estimate is calling for revenue of $932.26 million, up 7.87% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.6 per share and revenue of $4.26 billion, indicating changes of +2.22% and +19.56%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Nextpower. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.02% higher. Nextpower presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Nextpower has a Forward P/E ratio of 28.05 right now. This expresses a premium compared to the average Forward P/E of 24.68 of its industry.
Meanwhile, NXT's PEG ratio is currently 2.45. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Solar industry held an average PEG ratio of 1.1.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 160, which puts it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
View the Zacks #1 Rank List
Image: Bigstock
Nextpower (NXT) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Nextpower (NXT - Free Report) closed at $120.64 in the latest trading session, marking a -6.53% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 1.44%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 2.22%.
The stock of solar energy equipment supplier has fallen by 1.1% in the past month, leading the Oils-Energy sector's loss of 7.14% and undershooting the S&P 500's gain of 0.08%.
Analysts and investors alike will be keeping a close eye on the performance of Nextpower in its upcoming earnings disclosure. On that day, Nextpower is projected to report earnings of $1.03 per share, which would represent a year-over-year decline of 11.21%. Meanwhile, our latest consensus estimate is calling for revenue of $932.26 million, up 7.87% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.6 per share and revenue of $4.26 billion, indicating changes of +2.22% and +19.56%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Nextpower. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.02% higher. Nextpower presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Nextpower has a Forward P/E ratio of 28.05 right now. This expresses a premium compared to the average Forward P/E of 24.68 of its industry.
Meanwhile, NXT's PEG ratio is currently 2.45. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Solar industry held an average PEG ratio of 1.1.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 160, which puts it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.