NEXTracker Q3 Adj EPS $0.96 Beats $0.48 Estimate, Sales $710.43M Beat $617.95M Estimate
Portfolio Pulse from totan@benzinga.com
NEXTracker (NASDAQ:NXT) reported Q3 adjusted EPS of $0.96, surpassing the $0.48 estimate, and sales of $710.43M, exceeding the $617.95M estimate. This represents a 38.38% increase in sales compared to the same period last year.
January 31, 2024 | 9:12 pm
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NEXTracker reported a significant earnings and sales beat for Q3, with EPS doubling estimates and sales up nearly 15% over expectations.
Beating both EPS and sales estimates by a wide margin, especially with a 100% beat on the EPS, is likely to be viewed very positively by investors. This outperformance, coupled with a significant year-over-year sales increase, suggests strong operational efficiency and market demand, which could lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100