Analysts Anticipate Nextdecade Corp (NEXT) Will Announce Earnings of -$0.08 Per Share
Wall Street analysts predict that Nextdecade Corp (NASDAQ:NEXT) will report ($0.08) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Nextdecade’s earnings. The lowest EPS estimate is ($0.14) and the highest is ($0.04). The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Nextdecade will report full year earnings of ($0.35) per share for the current fiscal year, with EPS estimates ranging from ($0.47) to ($0.27). For the next financial year, analysts forecast that the company will report earnings of ($0.51) per share, with EPS estimates ranging from ($0.94) to ($0.19). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Nextdecade.
A number of research firms recently issued reports on NEXT. Zacks Investment Research downgraded shares of Nextdecade from a “buy” rating to a “hold” rating in a report on Wednesday. Wolfe Research began coverage on shares of Nextdecade in a report on Tuesday, November 13th. They issued an “underperform” rating on the stock. Credit Suisse Group began coverage on shares of Nextdecade in a report on Thursday, October 11th. They issued a “neutral” rating and a $6.00 price objective on the stock. Cowen downgraded shares of Nextdecade from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 26th. Finally, ValuEngine raised shares of Nextdecade from a “sell” rating to a “hold” rating in a report on Friday, September 7th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Nextdecade presently has an average rating of “Hold” and an average price target of $6.90.
Shares of NEXT traded up $0.07 on Friday, reaching $5.03. The company’s stock had a trading volume of 78,056 shares, compared to its average volume of 15,660. Nextdecade has a 12-month low of $3.95 and a 12-month high of $10.29.
NextDecade Corporation, a liquefied natural gas (LNG) development company, engages in the development of LNG export projects and associated pipelines in the State of Texas. It intends to develop a portfolio of LNG projects, including Rio Grande LNG export facility, which has a liquefaction capacity of 27 million tons of LNG per annum located in Brownsville, Texas; and the 4.5 Bcf/d Rio Bravo Pipeline that transports natural gas from the Agua Dulce supply area to Rio Grande LNG.
Featured Article: Conference Calls and Individual Investors
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Nextdecade Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nextdecade and related companies with MarketBeat.com's FREE daily email newsletter.