NEXTracker Raises FY2025 Adj EPS Guidance from $2.89-3.09 to $3.10-3.30 vs $3.10 Est; Affirms FY2025 Sales Guidance from $2.80B-2.90B to $2.80B-2.90B vs $2.85B Est
Portfolio Pulse from Benzinga Newsdesk
NEXTracker has raised its FY2025 adjusted EPS guidance to $3.10-$3.30, surpassing the analyst estimate of $3.10. The company also reaffirmed its FY2025 sales guidance at $2.80B-$2.90B, aligning with the $2.85B estimate.
October 30, 2024 | 8:33 pm
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NEXTracker has increased its FY2025 adjusted EPS guidance to $3.10-$3.30, exceeding the analyst estimate of $3.10. The sales guidance remains unchanged at $2.80B-$2.90B, consistent with the $2.85B estimate.
The increase in EPS guidance above analyst estimates is a positive indicator for NEXTracker's financial performance, likely boosting investor confidence and potentially driving the stock price up. The reaffirmation of sales guidance aligns with expectations, providing stability.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100