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

• Nextracker Inc NXT.OQ reported quarterly adjusted earnings of $1.29​​ per share for the quarter ended March 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 98 cents per share. Wall Street expected results to range from 80 cents to $1.25 per share.

• Revenue rose 25.5% to $924.34 million from a year ago; analysts expected $829.36 million.

• Nextracker Inc's reported EPS for the quarter was $1.06​.

• The company reported quarterly net income of $156.79 million.

• Nextracker Inc shares had risen by 28.4% this quarter and gained 48.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.8% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for Nextracker Inc is $55.00

This summary was machine generated from LSEG data May 14 at 09:01 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)