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Nextdecade Corp (NASDAQ:NEXT) Expected to Post Earnings of -$0.12 Per Share

Equities analysts forecast that Nextdecade Corp (NASDAQ:NEXT) will post earnings per share of ($0.12) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Nextdecade’s earnings. Nextdecade also posted earnings of ($0.12) per share in the same quarter last year. The firm is scheduled to issue its next quarterly earnings results on Wednesday, March 4th.

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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 ($0.36). For the next year, analysts forecast that the business will report earnings of ($0.37) per share, with EPS estimates ranging from ($0.44) to ($0.25). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Nextdecade.

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

NEXT has been the topic of a number of recent analyst reports. Morgan Stanley initiated coverage on shares of Nextdecade in a research report on Friday, September 20th. They issued an “underweight” rating and a $5.00 price target on the stock. ValuEngine lowered shares of Nextdecade from a “hold” rating to a “sell” rating in a research report on Friday, October 4th. Zacks Investment Research lowered shares of Nextdecade from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Finally, Evercore ISI initiated coverage on shares of Nextdecade in a research report on Tuesday, September 17th. They issued an “outperform” rating and a $11.00 price target on the stock. Three 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. The company has a consensus rating of “Hold” and a consensus target price of $8.00.

Shares of NASDAQ:NEXT traded up $0.05 during trading on Monday, reaching $6.56. The stock had a trading volume of 860 shares, compared to its average volume of 31,324. Nextdecade has a 52 week low of $3.15 and a 52 week high of $6.78. The firm has a market capitalization of $782.54 million, a price-to-earnings ratio of -16.00 and a beta of -0.25. The stock has a fifty day simple moving average of $6.25 and a two-hundred day simple moving average of $5.72.

Several institutional investors have recently made changes to their positions in NEXT. Gradient Investments LLC acquired a new stake in shares of Nextdecade in the second quarter worth $63,000. Charles Schwab Investment Management Inc. grew its stake in shares of Nextdecade by 38.4% in the second 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 during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Nextdecade by 36.5% in the second 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 during the last quarter. Northern Trust Corp grew its stake in shares of Nextdecade by 5.0% in the second quarter. Northern Trust Corp now owns 86,717 shares of the company’s stock worth $548,000 after acquiring an additional 4,147 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Nextdecade by 60.4% in the second quarter. BlackRock Inc. now owns 554,639 shares of the company’s stock worth $3,505,000 after acquiring an additional 208,804 shares during the last quarter. Institutional investors and hedge funds own 77.81% of the company’s stock.

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

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