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Stock impact report

Here's Why Nextracker (NXT) Fell More Than Broader Market [Yahoo! Finance]

Nextpower Inc. - Class A (NXT) 
Company Research Source: Yahoo! Finance
The stock's performance was behind the S&P 500's daily loss of 0.14%. Elsewhere, the Dow lost 0.2%, while the tech-heavy Nasdaq lost 0.24%. Coming into today, shares of the solar energy equipment supplier had gained 3.17% in the past month. In that same time, the Oils-Energy sector lost 1.02%, while the S&P 500 gained 0.94%. The investment community will be closely monitoring the performance of Nextracker in its forthcoming earnings report. The company is forecasted to report an EPS of $0.93, showcasing a 9.71% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $808.49 million, up 19.01% from the prior-year quarter. NXT's full-year Zacks Consensus Estimates are calling for earnings of $4.15 per share and revenue of $3.39 billion. These results would represent year-over-year changes of -1.66% and +14.63%, respectively. Investors should also take note of any recent adjustments to analyst estimate Show less Read more
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