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Nextpower (NXT) Falls More Steeply Than Broader Market: What Investors Need to Know
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Nextpower (NXT - Free Report) closed at $82.37 in the latest trading session, marking a -3.6% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.48%. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, lost 0.64%.
The solar energy equipment supplier's shares have seen a decrease of 18.53% over the last month, not keeping up with the Oils-Energy sector's gain of 8.39% and the S&P 500's loss of 0.97%.
The investment community will be paying close attention to the earnings performance of Nextpower in its upcoming release. The company is predicted to post an EPS of $1.11, indicating a 6.72% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.06 billion, up 17.57% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.63 per share and a revenue of $4.3 billion, indicating changes of +2.89% and +20.84%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Nextpower. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.12% lower. Nextpower presently features a Zacks Rank of #3 (Hold).
Investors should also note Nextpower's current valuation metrics, including its Forward P/E ratio of 18.47. This expresses a premium compared to the average Forward P/E of 12 of its industry.
It's also important to note that NXT currently trades at a PEG ratio of 1.38. 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 had an average PEG ratio of 0.67 as trading concluded yesterday.
The Solar industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 222, finds itself in the bottom 10% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Nextpower (NXT) Falls More Steeply Than Broader Market: What Investors Need to Know
Nextpower (NXT - Free Report) closed at $82.37 in the latest trading session, marking a -3.6% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.48%. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, lost 0.64%.
The solar energy equipment supplier's shares have seen a decrease of 18.53% over the last month, not keeping up with the Oils-Energy sector's gain of 8.39% and the S&P 500's loss of 0.97%.
The investment community will be paying close attention to the earnings performance of Nextpower in its upcoming release. The company is predicted to post an EPS of $1.11, indicating a 6.72% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.06 billion, up 17.57% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.63 per share and a revenue of $4.3 billion, indicating changes of +2.89% and +20.84%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Nextpower. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.12% lower. Nextpower presently features a Zacks Rank of #3 (Hold).
Investors should also note Nextpower's current valuation metrics, including its Forward P/E ratio of 18.47. This expresses a premium compared to the average Forward P/E of 12 of its industry.
It's also important to note that NXT currently trades at a PEG ratio of 1.38. 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 had an average PEG ratio of 0.67 as trading concluded yesterday.
The Solar industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 222, finds itself in the bottom 10% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.