On Wednesday August 14, 2024, NextDecade Reported Q2 EPS $(0.13) Misses $(0.05) Estimate
Portfolio Pulse from Benzinga Newsdesk
NextDecade (NASDAQ:NEXT) reported Q2 EPS of $(0.13), missing the analyst consensus estimate of $(0.05) by 160%. This represents an 84.52% improvement over the $(0.84) per share loss from the same period last year.
August 15, 2024 | 1:47 pm
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NEGATIVE IMPACT
NextDecade reported Q2 EPS of $(0.13), missing the analyst consensus estimate of $(0.05) by 160%. Despite the miss, the company showed an 84.52% improvement in losses compared to the same period last year.
The significant miss on EPS estimates is likely to negatively impact the stock price in the short term. However, the substantial year-over-year improvement in losses may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100