Nextracker Inc reports results for the quarter ended December 31 - Earnings Summary

• Nextracker Inc NXT.OQ reported quarterly adjusted earnings of $1.03​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 96 cents. The mean expectation of twenty three analysts for the quarter was for earnings of 59 cents per share. Wall Street expected results to range from 49 cents to 82 cents per share.

• Revenue fell 4.4% to $679.36 million from a year ago; analysts expected $650.69 million.

• Nextracker Inc's reported EPS for the quarter was 79 cents​.

• The company reported quarterly net income of $115.28 million.

• Nextracker Inc shares had risen by 8.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 21.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the renewable energy equipment & services peer group is also "buy"

Wall Street's median 12-month price target for Nextracker Inc is $52.00

This summary was machine generated from LSEG data January 28 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)