NEXTracker Q1 Adj EPS $0.48 Beats $0.29 Estimate, Sales $479.54M Beat $477.77M Estimate
Portfolio Pulse from totan@benzinga.com
NEXTracker (NASDAQ:NXT) reported Q1 earnings of $0.48 per share, beating the analyst consensus estimate of $0.29 by 65.52%. The company also reported quarterly sales of $479.54 million, beating the estimate of $477.77 million by 0.37%. This represents an 18.93% increase over sales of $403.23 million the same period last year.
July 26, 2023 | 8:20 pm
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POSITIVE IMPACT
NEXTracker's Q1 earnings and sales beat estimates, which could lead to a positive market reaction.
NEXTracker reported higher than expected earnings and sales for Q1. This positive financial performance could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100