FMP
May 15, 2024 1:10 PM - Davit Kirakosyan
Despite low expectations going into the earnings, Nextracker (NASDAQ:NXT) delivered impressive fourth-quarter results, with EBITDA increasing by 23%. EPS of $0.96 and revenue of $736.52 million came in above the Street estimates of $0.55 and $674.4 million, respectively. As a consequence, shares gained more than 14% pre-market today.
The year-end backlog approached the higher end of the expected range between $3.7 billion and $4.1 billion. Fiscal 2025 revenue guidance was in line with sell-side expectations, although the buy-side had anticipated a miss.
However, fiscal 2025 EBITDA, including credits, fell slightly below Wall Street's expectations, and the EBITDA guidance for the same period is projected to be flat year-over-year, despite a 14% increase in revenue.
Nextracker has indicated that most of its backlog has been cleared of various industry bottlenecks such as permitting, financing, and high-voltage equipment issues, and management remains confident in the company’s growth prospects despite prevailing industry challenges.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...