Nextracker Reaffirms FY25 Outlook; Revenue At $2.8B - $2.9B (Est $2.867B), Adjusted EPS At $2.89 - $3.09 (Est $3.06)
Portfolio Pulse from Benzinga Newsdesk
Nextracker has reaffirmed its FY25 outlook with revenue projected between $2.8 billion and $2.9 billion, aligning closely with the estimated $2.867 billion. The company also expects adjusted EPS to be in the range of $2.89 to $3.09, slightly below the estimated $3.06.
August 01, 2024 | 9:27 pm
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Nextracker has reaffirmed its FY25 outlook with revenue projected between $2.8 billion and $2.9 billion, aligning closely with the estimated $2.867 billion. The company also expects adjusted EPS to be in the range of $2.89 to $3.09, slightly below the estimated $3.06.
The reaffirmation of the FY25 outlook with revenue and adjusted EPS close to estimates suggests stability and predictability in Nextracker's financial performance. However, the slight miss on EPS estimates may temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
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