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) Registers a Bigger Fall Than the Market: Important Facts to Note
Read MoreHide Full Article
In the latest trading session, Nextpower (NXT - Free Report) closed at $85.50, marking a -4.55% move from the previous day. This move lagged the S&P 500's daily loss of 0.25%. On the other hand, the Dow registered a loss of 0.02%, and the technology-centric Nasdaq decreased by 0.52%.
The stock of solar energy equipment supplier has fallen by 7.55% in the past month, lagging the Oils-Energy sector's gain of 3.79% and the S&P 500's gain of 4.34%.
Market participants will be closely following the financial results of Nextpower in its upcoming release. On that day, Nextpower is projected to report earnings of $1.11 per share, which would represent a year-over-year decline of 6.72%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.06 billion, up 17.57% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.63 per share and revenue of $4.3 billion, which would represent changes of +2.89% and +20.84%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Nextpower. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 past month, the Zacks Consensus EPS estimate has shifted 0.04% downward. Nextpower is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Nextpower is presently being traded at a Forward P/E ratio of 19.37. This denotes a premium relative to the industry average Forward P/E of 11.83.
It's also important to note that NXT currently trades at a PEG ratio of 1.45. 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. The Solar industry currently had an average PEG ratio of 0.67 as of yesterday's close.
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 220, putting it in the bottom 11% 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Nextpower (NXT) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest trading session, Nextpower (NXT - Free Report) closed at $85.50, marking a -4.55% move from the previous day. This move lagged the S&P 500's daily loss of 0.25%. On the other hand, the Dow registered a loss of 0.02%, and the technology-centric Nasdaq decreased by 0.52%.
The stock of solar energy equipment supplier has fallen by 7.55% in the past month, lagging the Oils-Energy sector's gain of 3.79% and the S&P 500's gain of 4.34%.
Market participants will be closely following the financial results of Nextpower in its upcoming release. On that day, Nextpower is projected to report earnings of $1.11 per share, which would represent a year-over-year decline of 6.72%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.06 billion, up 17.57% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.63 per share and revenue of $4.3 billion, which would represent changes of +2.89% and +20.84%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Nextpower. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 past month, the Zacks Consensus EPS estimate has shifted 0.04% downward. Nextpower is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Nextpower is presently being traded at a Forward P/E ratio of 19.37. This denotes a premium relative to the industry average Forward P/E of 11.83.
It's also important to note that NXT currently trades at a PEG ratio of 1.45. 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. The Solar industry currently had an average PEG ratio of 0.67 as of yesterday's close.
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 220, putting it in the bottom 11% 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 follow all of these stock-moving metrics, and many more, on Zacks.com.