Analysts predict that Nextdecade Corp (NASDAQ:NEXT) will announce earnings per share (EPS) of ($0.11) for the current quarter, according to Zacks. Zero analysts have made estimates for Nextdecade’s earnings, with estimates ranging from ($0.14) to ($0.08). The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Nextdecade will report full year earnings of ($0.61) per share for the current year, with EPS estimates ranging from ($0.94) to ($0.30). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.46) per share, with EPS estimates ranging from ($0.61) to ($0.30). Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Nextdecade.
Several equities analysts have recently weighed in on NEXT shares. Zacks Investment Research upgraded shares of Nextdecade from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Scotiabank started coverage on shares of Nextdecade in a research note on Friday, February 8th. They issued a “sector perform” rating on the stock. Finally, Wolfe Research upgraded shares of Nextdecade from an “underperform” rating to a “market perform” rating in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $6.90.
A number of institutional investors have recently added to or reduced their stakes in NEXT. Rhumbline Advisers purchased a new stake in Nextdecade in the 4th quarter worth approximately $70,000. Verition Fund Management LLC increased its holdings in Nextdecade by 422.8% in the 3rd quarter. Verition Fund Management LLC now owns 135,919 shares of the company’s stock worth $768,000 after acquiring an additional 109,919 shares in the last quarter. Perella Weinberg Partners Capital Management LP increased its holdings in Nextdecade by 10.6% in the 4th quarter. Perella Weinberg Partners Capital Management LP now owns 1,527,369 shares of the company’s stock worth $8,248,000 after acquiring an additional 146,009 shares in the last quarter. Valinor Management L.P. increased its holdings in Nextdecade by 0.5% in the 3rd quarter. Valinor Management L.P. now owns 19,551,334 shares of the company’s stock worth $110,465,000 after acquiring an additional 94,021 shares in the last quarter. Finally, York Capital Management Global Advisors LLC increased its holdings in Nextdecade by 1.3% in the 3rd quarter. York Capital Management Global Advisors LLC now owns 58,321,201 shares of the company’s stock worth $293,647,000 after acquiring an additional 722,198 shares in the last quarter. 86.94% of the stock is owned by institutional investors.
Nextdecade Company Profile
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.
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