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NEXTracker, Inc. Class A (NXT)
:NXT
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Earnings Data
Report Date
Jan 28, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.58Last Year’s EPS
0.96Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jul 26, 2023
|% Change Since: 33.66%
|Next Earnings Date:May 10, 2023
Earnings Call Sentiment|Positive
The earnings call conveyed a strong positive sentiment, highlighting substantial revenue growth, an increased backlog, and successful product launches. Despite facing competitive pressures in international markets, the company raised its profit target and showcased confidence in its new technologies and capabilities, particularly in the U.S. market.Company Guidance
During Nextracker's Q2 2025 earnings call, the company reported another quarter of robust performance, marking their seventh consecutive quarter of double-digit revenue growth with a 29% increase year-over-year for the first half of fiscal 2025. The backlog rose to a record over $4.5 billion, with 90% of this expected to convert to revenue within the next eight quarters. Nextracker also raised its profit target for the full fiscal year by $20 million to $645 million. The company highlighted strong demand for their products globally, with a significant focus on quality, innovation, and customer service. Innovative product launches, such as the 100% domestically manufactured tracker, are expected to provide a competitive edge in the U.S. market, potentially enabling customers to capture a 10% bonus investment tax credit. They also noted a successful deployment of new products like NX Horizon and NX HailPro75, supported by strategic R&D investments and global design facilities. Despite facing competitive dynamics in international markets, Nextracker maintained a mix of 2/3 U.S. and 1/3 international business, which aligns with their strategic focus on profitable growth.Record Revenue Growth
Q2 marked the seventh consecutive quarter of double-digit revenue growth, with a 29% year-over-year increase for the first half of fiscal year 2025.
Significant Backlog Increase
The backlog increased significantly quarter-over-quarter to a new record of over $4.5 billion.
Profit Target Raised
The company raised its profit target for the full fiscal year by $20 million at the midpoint to $645 million.
Successful Product Launches
Received customer orders for new products, including NX Horizon, NXTR 1.5, NX Horizon Low Carbon Tracker, NX HailPro75, and NX Foundation technologies.
New Global Design Facility
Inaugurated the third global design facility in Hyderabad, India, enhancing R&D capabilities.
100% U.S. Manufactured Tracker
Nextracker accelerated the availability of a 100% domestically manufactured tracker, receiving customer orders for it.
Strong International Demand
Continued strong demand globally across all regions, driven by a flight to quality and the company's differentiated product offerings.
TrueCapture Software Performance
Significant uptake in TrueCapture software, contributing positively to margins.
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NXT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NXT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $31.97 | $39.82 | +24.55% |
| Aug 01, 2024 | $46.83 | $41.98 | -10.36% |
| May 14, 2024 | $43.01 | $45.98 | +6.91% |
| Jan 31, 2024 | $45.27 | $56.50 | +24.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NEXTracker, Inc. Class A (NXT) report earnings?
NEXTracker, Inc. Class A (NXT) is schdueled to report earning on Jan 28, 2025, TBA Not Confirmed.
What is NEXTracker, Inc. Class A (NXT) earnings time?
NEXTracker, Inc. Class A (NXT) earnings time is at Jan 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NXT EPS forecast?
NXT EPS forecast for the fiscal quarter 2025 (Q3) is 0.58.
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