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Nextpower (NXT) Dips More Than Broader Market: What You Should Know
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In the latest close session, Nextpower (NXT - Free Report) was down 3.44% at $79.78. The stock trailed the S&P 500, which registered a daily loss of 0.45%. Meanwhile, the Dow experienced a drop of 0.63%, and the technology-dominated Nasdaq saw a decrease of 0.78%.
Prior to today's trading, shares of the solar energy equipment supplier had lost 16.62% lagged the Oils-Energy sector's gain of 2% and the S&P 500's loss of 1.99%.
Market participants will be closely following the financial results of Nextpower in its upcoming release. The company is expected to report EPS of $1.11, down 6.72% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.08 billion, up 19.17% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.67 per share and a revenue of $4.38 billion, signifying shifts of +3.78% and +23.04%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Nextpower. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 shifted 1.42% upward. Nextpower is currently a Zacks Rank #3 (Hold).
Investors should also note Nextpower's current valuation metrics, including its Forward P/E ratio of 17.7. For comparison, its industry has an average Forward P/E of 11.65, which means Nextpower is trading at a premium to the group.
We can additionally observe that NXT currently boasts a PEG ratio of 1.32. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. NXT's industry had an average PEG ratio of 0.64 as of yesterday's close.
The Solar industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 232, finds itself in the bottom 6% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Nextpower (NXT) Dips More Than Broader Market: What You Should Know
In the latest close session, Nextpower (NXT - Free Report) was down 3.44% at $79.78. The stock trailed the S&P 500, which registered a daily loss of 0.45%. Meanwhile, the Dow experienced a drop of 0.63%, and the technology-dominated Nasdaq saw a decrease of 0.78%.
Prior to today's trading, shares of the solar energy equipment supplier had lost 16.62% lagged the Oils-Energy sector's gain of 2% and the S&P 500's loss of 1.99%.
Market participants will be closely following the financial results of Nextpower in its upcoming release. The company is expected to report EPS of $1.11, down 6.72% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.08 billion, up 19.17% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.67 per share and a revenue of $4.38 billion, signifying shifts of +3.78% and +23.04%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Nextpower. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 shifted 1.42% upward. Nextpower is currently a Zacks Rank #3 (Hold).
Investors should also note Nextpower's current valuation metrics, including its Forward P/E ratio of 17.7. For comparison, its industry has an average Forward P/E of 11.65, which means Nextpower is trading at a premium to the group.
We can additionally observe that NXT currently boasts a PEG ratio of 1.32. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. NXT's industry had an average PEG ratio of 0.64 as of yesterday's close.
The Solar industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 232, finds itself in the bottom 6% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.