NextDecade Co. (NASDAQ:NEXT) Expected to Post Earnings of -$0.09 Per Share

Brokerages predict that NextDecade Co. (NASDAQ:NEXT) will report earnings of ($0.09) per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for NextDecade’s earnings. NextDecade also reported earnings of ($0.09) per share during the same quarter last year. The business is scheduled to issue its next earnings report on Wednesday, November 3rd.

According to Zacks, analysts expect that NextDecade will report full-year earnings of ($0.36) per share for the current fiscal year, with EPS estimates ranging from ($0.38) to ($0.33). For the next year, analysts expect that the firm will post earnings of ($0.32) per share, with EPS estimates ranging from ($0.44) to ($0.19). Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow NextDecade.

NextDecade (NASDAQ:NEXT) last posted its quarterly earnings results on Sunday, August 1st. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02).

A number of research firms recently weighed in on NEXT. Evercore ISI upgraded shares of NextDecade from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $3.00 to $9.00 in a research report on Tuesday, June 8th. Morgan Stanley upgraded shares of NextDecade from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $2.00 to $6.00 in a report on Monday, June 7th.

Several hedge funds have recently modified their holdings of NEXT. Marshall Wace LLP lifted its holdings in shares of NextDecade by 316.4% in the 2nd quarter. Marshall Wace LLP now owns 832,115 shares of the company’s stock worth $3,437,000 after acquiring an additional 632,298 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of NextDecade by 28.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,628,525 shares of the company’s stock worth $10,856,000 after acquiring an additional 586,012 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of NextDecade by 96.7% in the 2nd quarter. Millennium Management LLC now owns 909,351 shares of the company’s stock worth $3,756,000 after acquiring an additional 447,057 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of NextDecade by 139.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 552,200 shares of the company’s stock worth $2,281,000 after acquiring an additional 322,000 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of NextDecade in the 1st quarter worth approximately $668,000. Hedge funds and other institutional investors own 77.52% of the company’s stock.

NEXT opened at $2.46 on Tuesday. The firm has a market capitalization of $301.34 million, a PE ratio of -7.45 and a beta of -0.01. NextDecade has a twelve month low of $1.65 and a twelve month high of $6.13. The firm’s 50-day moving average price is $3.20 and its 200 day moving average price is $2.86.

About NextDecade

NextDecade Corp. is a development company.

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