Nextdecade Corp (NEXT) Expected to Announce Earnings of -$0.08 Per Share

Wall Street brokerages expect that Nextdecade Corp (NASDAQ:NEXT) will report earnings per share of ($0.08) for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Nextdecade’s earnings, with estimates ranging from ($0.14) to ($0.04). The company is expected to report its next earnings report on Monday, January 1st.

On average, analysts expect that Nextdecade will report full-year earnings of ($0.35) per share for the current financial year, with EPS estimates ranging from ($0.47) to ($0.27). For the next year, analysts anticipate that the company will post earnings of ($0.51) per share, with EPS estimates ranging from ($0.94) to ($0.19). Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Nextdecade.

Nextdecade (NASDAQ:NEXT) last announced its earnings results on Thursday, August 9th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06.

A number of brokerages have commented on NEXT. Zacks Investment Research raised Nextdecade from a “sell” rating to a “hold” rating in a report on Wednesday, June 27th. ValuEngine cut Nextdecade from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Credit Suisse Group began coverage on Nextdecade in a report on Thursday. They set a “neutral” rating and a $6.00 target price for the company. Cowen set a $9.00 target price on Nextdecade and gave the company a “buy” rating in a report on Tuesday, August 7th. Finally, Stifel Nicolaus set a $8.00 target price on Nextdecade and gave the company a “hold” rating in a report on Saturday, August 11th. Seven research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $7.20.

Several large investors have recently bought and sold shares of NEXT. California Public Employees Retirement System acquired a new stake in shares of Nextdecade in the second quarter valued at approximately $137,000. Bank of New York Mellon Corp acquired a new stake in shares of Nextdecade in the second quarter valued at approximately $160,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Nextdecade by 44.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 55,799 shares of the company’s stock valued at $382,000 after purchasing an additional 17,151 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in shares of Nextdecade by 33.8% in the second quarter. Deprince Race & Zollo Inc. now owns 57,000 shares of the company’s stock valued at $390,000 after purchasing an additional 14,400 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Nextdecade by 434.9% in the second quarter. Northern Trust Corp now owns 85,450 shares of the company’s stock valued at $585,000 after purchasing an additional 69,474 shares during the last quarter. 86.32% of the stock is owned by hedge funds and other institutional investors.

Shares of Nextdecade stock traded up $0.16 during mid-day trading on Monday, reaching $5.20. 31,210 shares of the stock traded hands, compared to its average volume of 51,083. Nextdecade has a fifty-two week low of $3.95 and a fifty-two week high of $10.29.

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 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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