NXT Earnings Prediction
The chart below shows how NXT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NXT sees a -0.15% change in stock price 10 days leading up to the earnings, and a +11.83% change 10 days following the report. On the earnings day itself, the stock moves by -0.78%. This data can give you a slight idea of what to expect for the next quarter's release.
NXT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
710.43M
38.38%
23.91%
Gross Margin
29.52%
84.27%
13.49%
Operating Margin
20.90%
82.85%
27.36%
Net Margin
18.01%
116.99%
26.83%
EPS
0.87
-14.71%
58.18%
No Data Available
NXT Earnings Analysis
Nextracker Inc Corporation (NXT.O) Earnings Conference Call
Positive
Strong Revenue Growth: Revenue grew 15% year over year to approximately $2 billion year to date, with Q3 revenue reaching $679 million, reflecting strong financial performance.
Backlog Growth Confidence: Backlog increased to significantly over $4.5 billion, providing excellent visibility and confidence in future growth.
EBITDA Growth and Margin: Adjusted EBITDA expanded to $186 million in Q3, marking an 11% increase year over year, with an adjusted EBITDA margin of 27%.
Adjusted Free Cash Flow Growth: Generated $135 million in adjusted free cash flow during Q3, more than doubling the $62 million from the same period last year, contributing to a year-to-date adjusted free cash flow of $395 million, a 26% increase from the prior year.
Record Bookings Achievement: Achieved record bookings in Q3, with 75% of total bookings coming from the U.S., indicating strong demand and a robust pipeline for future projects.
Negative
Slower Revenue Growth: Q3 revenue was $679,000,000, which is only a 7% sequential improvement over Q2, indicating slower growth compared to previous quarters.
Stable Adjusted Gross Margins: Adjusted gross margins of 36% were roughly in line quarter over quarter, suggesting no significant improvement despite operational efficiencies.
Margin Compression Outlook: The company expects structural gross margins to be in the low 30s for the upcoming quarters, indicating potential margin compression due to international project mix.
Pricing Stability Challenges: Pricing for NeXT Tracker was stable, but the competitive environment remains challenging, which could limit pricing power moving forward.
Backlog Conversion Rate Decline: The backlog conversion rate decreased to 87% from 90% in the previous quarter, indicating potential delays in project execution and revenue recognition.
NXT FAQs
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NXT Earning Call Sentiment
Earnings call transcript: Nextracker's Q3 2024 earnings beat forecasts, stock surges
NXT.O
-4.75%Positive
The earnings call summary highlights strong financial performance, with record backlog and revenue growth. The company raised its profit target and expects continued growth, supported by new product offerings and a strong backlog. While there are some supply chain and regulatory risks, management expressed confidence in their mitigation strategies. The potential for a buyback program also adds a positive outlook. Despite some uncertainties in the Q&A, overall sentiment is positive, with strong demand and stable pricing trends.
