Stock Track | NEXTracker Stock Surges 12.6% After Hours on Bright Q3 Earnings Outlook

Stock Track
2024/10/31

Shares of NEXTracker Inc (NXT) soared 12.61% in after-hours trading on Tuesday, as investors appeared to be betting on a strong third-quarter earnings report from the solar tracker systems manufacturer.

The after-hours rally came ahead of NXT's scheduled Q3 2024 earnings release on November 6. According to analyst estimates, NXT is expected to report earnings per share of $1.13 for the quarter, up 3.7% year-over-year, on revenues of $386.75 million (a 9.6% increase).

While NXT has only beaten consensus EPS estimates in two of the past four quarters, recent upward revisions to analyst estimates suggest growing optimism around the company's upcoming results. Zacks Equity Research highlighted that NXT's "Most Accurate Estimate" for Q3 EPS is higher than the consensus, potentially indicating a positive earnings surprise.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10