Brokerages Expect Nextdecade Corp (NASDAQ:NEXT) to Announce -$0.09 EPS

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Wall Street analysts predict that Nextdecade Corp (NASDAQ:NEXT) will report ($0.09) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Nextdecade’s earnings, with estimates ranging from ($0.12) to ($0.06). Nextdecade reported earnings per share of ($0.12) in the same quarter last year, which would indicate a positive year-over-year growth rate of 25%. The company is expected to report its next quarterly earnings results on Wednesday, March 4th.

According to Zacks, analysts expect that Nextdecade will report full year earnings of ($0.44) per share for the current fiscal year, with EPS estimates ranging from ($0.52) to ($0.35). For the next financial year, analysts anticipate that the firm will post earnings of ($0.37) per share, with EPS estimates ranging from ($0.44) to ($0.25). Zacks’ EPS averages are a mean average based on a survey of research firms that cover Nextdecade.

Nextdecade (NASDAQ:NEXT) last released its quarterly earnings results on Tuesday, November 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.08.

A number of research analysts have recently commented on the stock. Morgan Stanley assumed coverage on shares of Nextdecade in a report on Friday, September 20th. They issued an “underweight” rating and a $5.00 price target on the stock. Zacks Investment Research cut shares of Nextdecade from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. ValuEngine cut shares of Nextdecade from a “hold” rating to a “sell” rating in a report on Friday, October 4th. Finally, Evercore ISI assumed coverage on shares of Nextdecade in a report on Tuesday, September 17th. They issued an “outperform” rating and a $11.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Nextdecade has a consensus rating of “Hold” and an average price target of $8.00.

A number of institutional investors have recently modified their holdings of NEXT. Gradient Investments LLC bought a new position in Nextdecade during the 2nd quarter worth about $63,000. Bank of New York Mellon Corp grew its holdings in Nextdecade by 36.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 29,655 shares of the company’s stock worth $187,000 after acquiring an additional 7,926 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Nextdecade by 38.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 33,210 shares of the company’s stock worth $210,000 after acquiring an additional 9,206 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in Nextdecade during the 2nd quarter worth about $506,000. Finally, River & Mercantile Asset Management LLP bought a new position in Nextdecade during the 2nd quarter worth about $511,000. Institutional investors own 75.46% of the company’s stock.

Nextdecade stock traded down $0.24 during mid-day trading on Monday, reaching $6.31. 14,900 shares of the company’s stock traded hands, compared to its average volume of 35,221. The stock has a 50 day moving average of $6.32 and a two-hundred day moving average of $5.75. The company has a market cap of $791.00 million, a price-to-earnings ratio of -15.39 and a beta of -0.18. Nextdecade has a 12-month low of $3.15 and a 12-month high of $6.78.

About Nextdecade

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 137-mile Rio Bravo Pipeline that transports natural gas from the Agua Dulce supply area to Rio Grande LNG.

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