* Nextracker Inc reported quarterly adjusted earnings of 97 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 65 cents. The mean expectation of twenty one analysts for the quarter was for earnings of 61 cents per share. Wall Street expected results to range from 46 cents to 74 cents per share.

* Revenue rose 10.9% to $635.57 million from a year ago; analysts expected $615.43 million.

* Nextracker Inc's reported EPS for the quarter was 79 cents​.

* The company reported quarterly net income of $115.39 million.

* Nextracker Inc shares had fallen by 13.7% this quarter and lost 31.0% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 14% in the last three months.​

* In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the renewable energy equipment & services peer group is also "buy"

Wall Street's median 12-month price target for Nextracker Inc is $57.00 This summary was machine generated from LSEG data October 31 at 02:54 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 0.61 0.97 Beat

Jun. 30 2024 0.65 0.93 Beat

Mar. 31 2024 0.78 0.96 Beat

Dec. 31 2023 0.48 0.96 Beat